Never done this before, but BORROWED money to buy more CYCC
I am tapped out, and all the money I have in other investments is working out great, so I don't want to sell. For the first time ever, I have borrowed $40,000 to buy more CYCC if they want to get this to approx $5 for Jan options OE... Even now is tempting. This price is #$%$. Call me stupid. I've been called worse. GLTA here..
Waiting for them to bring this down, then use the $40k. They may try to bring it to $5, or close to it, for Jan OE... That's when I will buy... Got a GTC out there now in case... Options shenanigans might be the ticket to get some cheap shares, and then have them rise immediately - again (like in Dec).. GLTA
I have seen this exact same post a few months ago in ARNA do not trust.!!!JMHO I also think there is a good chance at a secondary here,so beware,people on the inside always know and this stock seems quite stalled here,very often a sign of a pending secondary. again JMHO