anybody going to use them starting Monday ? Good thing or bad ?
I would hate to see them drive this down and trigger stop losses and bring it right back up just like Sponge today.
But I will use them with a good cushion ! I have 10k at 0.49 and really dont want to screw this up !
No...I don't want to get Dendreoned! I'll have a market order in the queue ready to execut if things get really hairy but I don't really foresee a ridiculous day tomorrow, news or no news this is still a great investment. I'll likely leave my money in the pot and just wait for the approval to pay my house off.
If your entry price is .49 you can unload 60% of your shares and have your cake and eat it too.
1000 @ .49 = 490
600 @ 1.49 = 894
Lets say Neph homeruns...call it 3 bucks
remaining 400 @ 3 =1200,total gained is 2094,a 4 bagger
Lets say Neph fails...goes to .15
400 @ .15 =60 plus the 894 already banked 954.
Worst case is a double...best case is a 4 bagger.
Lets say you Do the Slim Pickens move and stay all-in
Best case 1000 @ 3 =3000,6 bagger!! very nice.
Worst case 1000 @ .15 = 150
You Lost 330 bucks.
I beleive it will get approval and am indeed holding a portion.
I wish us Both Good luck this coming week ! :)
How do you know what a good cushion is for the MM? The MM's can see your stops and the stops were the reason SPNG dropped so quickly today.
I used stops one time...one time and I got burned. I will never do it again.
The NEPH MM's have been doing a nice job, but that can change next week. Who is to say they won't pull a DNDN or SPNG on this bad boy? If they do, I will purchase more on the swing back up like I did today with SPNG.
If you are that concerned about the decision, take some profit NOW. That way you can sit and enjoy.