i officially just booked a 20k loss on my may options. I had a balance at one time on friday of 40k between my dndn and pozn options. i sold monday my dndn to buy more pozn...
let this be a lesson to everyone. i'm a loser and deserve to be broke.
No your not.
Come on over to MPEL I just bought 14k today. of course I have to sell some DNDN but I'll will be back in do time. I have dune my DD and MPEL has huge up side coming this week. Hopefully I can get some money back for that loss I had on ITMN.
I AIN'T GOING OUT LIKE A BBBBITCHHHH, KNOW WHAT I MEAN!!!!!!
Sorry sok, I'm there with you though... losses now at around $15K. I'll probably hang in there for a few days.
I also owned DNDN and SOMX but pretty much have lost everything I made in those on POZN.
Cheeva, I owned MPEL too, which got hammered today on the Goldman downgrade. I sold at 4.25, but picked up some more this afternoon again at 4.06.
Sold my AMLN this morning also when it was near the low of the day. Picked up 90K shares of YRCW; already up a decent amount on that purchase (I've been in and out of YRCW for 3-4 months now).
sok, email me at joelkerr@yahoo if you want to bounce some other trading ideas around.
Everyone makes mistakes. Don't sweat it.
I bought this POS at 11 but still holding on. Not sure how long though. I'm starting to lose my patience with this piece of s---.
We can all thank the CEO for this.
Yep... its great... what really sux... i'm the only person probably to pick 3 FDA approvals SOMX, DNDN, POZN, and lose money on them. I got too greedy.
Held onto 4k shares of somx that I had at 3.50... didn't sell at 10 like i lhad my order set at...kept waiting for 15+... then got margin calls when it dropped. Bought calls thinking it would get bought up or partnered quick... lost all that investment...
Found dndn... bought at 39... sold at 39 to buy options... make 130% on may 55's day after approval... sold to buy POZN....
Watched POZN get approved and start a run on friday aftermarket...... got excited... all weekend though wow... i might make 50-100k on these 100+ options i own... bam... drops.... lose it...
a lot of hopes and dreams just went poof...
Sorry for your loss. Just be sure you're hedged on your positions from now on to prevent catastrophic losses. It only takes 10-15% of your profits usually, but it beats having your head handed to you.
Good trading. -Mark