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Sarepta Therapeutics, Inc. Message Board

  • cameroninbaghdad cameroninbaghdad Mar 1, 2013 10:42 AM Flag

    SHAKEOUT!

    And I love it! I went through an ARNA shakeout from 3.40 to 2 prior to advisory committee then went through an ACAD shakeout from 2.50 to 1.80 prior to P3 results. Needless to say things went very well with those, turning $100k into $1.1 mil.

    And now we have SRPT. I honestly feel so relaxed with this stock, even though I'm sitting on 30k shares a load of March puts I sold. The reason for the calm is unlike ARNA and ACAD, if srpt doesn't get AA (which it will) the stock will not tank 80% from my purchase price (about $25). I think at worst would be 15-17 range with rebound to 19-20 shortly after. But when AA comes, explosion over 50 easily, more likely 55-65. This stock is the one to own. Last two days shakeout is to remove weak hands who joined the party late (above $30) but more importantly to keep this stock in check for March options. AA news will likely come late March or early April in my opinion and the the big boys will not let this trade above 36 when March calls expire.

    Stay strong and buy this dip! We are lucky it's here in the 28s. Everyone who invested knows why they invested. I closed out my TSPT short position to buy more SRPT at 28.70 this morning, and I loved that short position (intermezzo is #$%$ and will never sell... I should know, I'm a pharmacist).

    Good luck to you all!

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SRPT
24.40+0.17(+0.70%)Apr 17 4:00 PMEDT

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