Tiger has mentioned before that most ASCO stocks sell off after the conference, but IMO NEOP sold off pretty hard last week, so I'm looking for a spike. I'm good with .10 to .15 on my calls.
Thanks for the warning, looks like the market thinks the same. I am still above water on my shares and below water on calls. Might trade it all in to
a break even point. I hope I can catch the day of the offering to buy back in.
Hey Saki, I was out of the office on a measure and missed the bear raid this afternoon. Afterhour action didn't look very good on the news. I have no positions in NEOP, but might jump on some Oct 5 calls tomorrow depending on price.
Hey Danny I hope you still own your July calls. I picked up 1800 more shares after hours total of 5800. I also have July $5 calls. Was not as lucky on the call price as you but will still make some$. This news looks good moving forward and I thinks there is still a large short position. Todays bear raid would be the best chance to get out.
Best of luck,
CEO retiring at NEOP announced after close, my guess is he's being forced out by Plantinum Montaur Life Sciences, who owns 34% of the company, and filed a 13D this month wanting to elect three new board members.
I'm thinking this will sell on the news in the morning, might be a good opprotunity for a quick trade. Sold my call options this morning for 6% gain.