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ACADIA Pharmaceuticals Inc. Message Board

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  • tradingexpert4me tradingexpert4me Dec 5, 2012 1:40 PM Flag

    15,000 short and I just covered 7,500 at $4.65-4.66. I'm hoping for further downside before covering my

    You did very well selling at $6.90 per share. I looked at buying long here just days before it popped, but passed. OUCH :-(

    The reason I passed, was due to Adam F. article about the company selling shares at $2.00 just before announcement.

    That said, once I saw the massive pop all the way to $7.45 in premarket, going short was an easy risk/reward for me. So the pop on your long shares was clearly a better play, but I'm happy to have made some pretty good short term returns.

    RG

    ps. Just covered my short on CLNT a few minutes ago. I noted it on the most percentage gains up 35% and went short. Easy call on this small China company with it's extremely questionable auditor and their reporting.

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    • I got lucky..took a gamble right before the bell at 2.30 and yeah 200% pops don't happen very often..very happy to have take 6.90 in the pre-market..giving abit back here at the moment but I think this still has another good run in it..headed out for the day but will check back tomorrow..are you going to play HEB or ALXA?

 
ACAD
34.32-0.66(-1.89%)3:59 PMEDT