I thought that would take a few days, guess not.
I tried day trading a few times, tough game, probably the hardest money I've made in stocks, swing trading is easier, now I'm a fundamentalist first, tech person second.
That's funny, hey, I just got lucky, I had my first limit in at 8.66, cancelled it, and then waited, and watched, then pounced. I suspect that I will hold onto this one for years, take a look at the investor presentation on their website, and their 2025 projections.
It's worth around $90.00 tops, however I rarely fight insanity.
If you like stocks that are making a comeback after a giant fall, and are patient, it could be a good play for you.
I like undervalued stock, plus the insiders recently bought a ton of it.
Booze and oil, and I supporting drunk driving?
Einhorn, Akman, Cramer, Madoff, Cohen, I'm beginning to notice a theme here - LOL
Yea, all that cash is worthless, and that plant, property and equipment - trash, and their other drug, it is simply a mirage.
This stock may take a month some to get to 6, a good buyout candidate though, that would probably be at 8, congrats to the shorts, however the probability is no longer in your favor.
Well, good move on your short position, however the stock is stabilizing at these levels so you should cover, and consider going long, or not.
As for your calling me stupid, that is more a reflection of you than myself, whatever wound based insecurities you harbor come out in forms that keep you from forming real relationships.
I really know nothing about the company, however 23 to 2.73 in a month sounds pretty oversold. I generally hate biotech for that reason, big dreams followed by big crash and the termination of a drug trial. However they still have one drug on the market, and cash, and assets.
I just liked the name, I'm not fallen, I had a better name but they wouldn't accept it - LOL
Yea, I just checked NFLX, it's at $330.00, that would have been a really good gain from $65.00. In the past I've let my inherently fundamentalist / value leanings keep me out of some real winners, that would include TSLA within the past year.
That wasn't very Jessie Livermore of me, hell, he would have bought of them both on full margin, but then again he went broke four times and then killed himself, two things which I wish to avoid, again, LOL.
All the best
It had all the earmarks of a stock that wanted to rise, I invest in a firm if I give it an 80% chance of rising, I check the stock at the end of the day, was in at .72 a week ago. I can dismiss the white noise of day traders bringing it up and down 4-8% a day.
Trying to catch every swing has kicked me out of some great winners in the past, by the time they went passed what I sold them at it was too hard to pull the trigger again, that is exactly wrong and I know it, however it is what happened in NFLX at 65.00.
Live and learn baby, live and learn.
Buying fear is (usually) a good thing.
It looked cheap on a cash per share basis, oh well, moved on.
What to do? I hate to sell a winning position.
It looks like SAM back in 2000, yes, I know, it's only .74 cents, up from 32 or so
so if you are one of those fight the tape fools, cover. "When you are wrong - stop being wrong." Jessie Livermore