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Celldex Therapeutics, Inc. Message Board

  • rohanu2004 rohanu2004 Sep 9, 2013 2:21 PM Flag

    LONG Investors of CLDX: Could use some personal advice

    I just wanted some public feedback of what I should do with my CLDX position. I am a 26 year old single male.

    A short background story: I currently don't make a lot of money. I started a Tech startup and don't draw much of a salary (enough to pay my bills). Most of my cash I invested in my company. I do have an IRA which I am heavily invested in CLDX (95% of my IRA). I am in CLDX for 2350 shares @ an average of 8.32....and I'm still fully in. I am wondering if i should take a little off the table to diversify my risk because if (god forbid) CLDX ever tanks, I am a broke 26 year old with a tech startup and not a cent in my pocket...any constructive advice would be appreciated.

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    • I suggest that you divide your holding in thirds, or quarters. Sell a first tranche and continue evaluate to determine future exits along the way.

      But, don't lose it all.

      Sentiment: Strong Buy

    • Perhaps you could "segment" your love of this company and your investment goals. If CLDX works out will you put all your proceeds in a single stock again? Take that answer and apply it to your current position. If the answer is no, sell your initial investment and split it in two stocks in different sectors than bio tech. Let your PROFITS run and keep contributing to the IRA

      Sentiment: Strong Buy

    • Thanks all to those that have replied. All our advice is sound and I have definitely take it to heart. I suppose I will continue riding the CLDX train for now. Specifically VPG1720's post resonates with me the most. Thanks again all.

    • Rohanu,
      You are receiving lots of good advice here. In my opinion, the 2 absolute "musts" for you are:
      1) Do not regret the risk of whatever action you chose, trust that you made the best decision by the facts known at that time.
      2) Appreciate that you are an American who has the right to decide such risk-reward questions with the opportunity to either grow, hold, or lose your fortune. Although the USA has problems, we still have more freedom to control our future than much of the world.

      Good luck ...... believe in yourself and the decision you will make.

      Sentiment: Hold

    • Rohan,
      I wrestle with the same issues you are confronting. Every financial norm says sell part of your investment, and let the rest ride. I have been reading this board for a long time. I have learned an awful lot from specific contributors, i.e "weightbayou". The reason why I have not sold for a huge profit at this point is because CLDX is truly special for a lot of reasons. Of course negative things in the future could occur, but my greatest fear is that If I sell today, and wake up tomorrow to see CLDX bought out, or a year from now CLDX trading at 50-70 - that would really upset me. You are young, and up a lot of money. I would wait to see a higher pps in CLDX. Good Luck.

    • "The way to become rich is to put all your eggs in one basket and then watch that basket."
      - Andrew Carnegie

      This advice is probably better suited for your start-up than for your stock investing, but this philosophy worked out pretty well for him. I think one should ALWAYS have an emergency fund even if you're young, willing, & able to take risks.

      IMO, FWIW

      Sentiment: Strong Buy

    • You say you're 26. That alone should answer your question. You can afford to take risks in your IRA because of your age. Pick a number that would make you happy and sell 1/2 at that point, perhaps. Good luck with your decision.

    • Let it run more , than sell half and buy some calls.

    • Congratulations. Your a young intelligent guy with a great future. Not many people at your young age has done so much. Only you know what your financial situation is. You've done very well with cldx so far. I think the best is yet to come with cldx. Everyone knows you make the most money when they can bring there drug to market with approval. Cldx has two that are fairly close. Biotech's are not without risk. They can go up quickly and down just as fast. Most if us long time holders are still fully invested. If you want to take some off the table you can't get hurt and let the rest ride. Good luck in your business endeavor's.

    • Stick with Celldex.

      Sentiment: Strong Buy

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3.34-0.10(-2.91%)Oct 21 4:00 PMEDT