Perhaps they didn't get a larger percentage of the offering because it was so well subscribed. They may buy more in the open market over the next few weeks. Watch out.
I don't believe that. Why would somebody buy in an offering and then sell for a few pennies profit waiting for a better entry. That doesn't make any sense. The price action is caused by people not having participated in the offering.
There are several ways what you could do
1) sell covered calls against your position; the drawback is January 15 calls end currently at $40. I'm trying to extend them to $45 and $50
2) establish diagonal bull call spreads with DITM options January 16 and sell shorter time calls against it.
3) establish put spreads for a net credit. For instance, I did this using $20(short)/$15(long) January 15; for each pair of 100 contracts you have a $50k liability. Call your broker to find out if the put this on margin or if you have to have the cash in your account
The answer to your question is simple: you have already enough shares at a much lower price therefore you don't pick up more. Comprende?
Your mood swings are remarkable. What's the basis for that. Last time I read your #$%$ you said something like low double digits.
Are you pumping this stock now too?
Just to let you know as you are a simple minded pumper there is always a need to raise cash. The next offering will be before Pima approval.
I don't really understand why some longs permanently emphasize early filing and subsequently unrealistic approval and launch timelines. Such a NDA submission consists of 10s of 1000s of pages. Even if FDA allows to initially file with only 3 months stability data it doesn't mean that the entire document is already ready to go. They are not only discuss stability data smith the FDA in spring but also the general outline of the NDA. I can imagine that there is still fine tuning to do before submission.
Please just try explain to me the facts why everything now can happen within a few months from submission to launch. I really would like to understand this logic especially because other knowledgable people like Jason Napodano, whom I highly respect, don't see it either.
The few calls I sold are not dangerous for me to get assigned. I established way more put spread 20/15 for a net credit. One side will win perhaps both. :-)
Don't take that too serious. Actually I didn't mean it so negative and by no means I wanted to offend you. We longs are all in the same boat and enjoy steady progress. I can take well surprises but hardly disappointments. That's the reason why I'm more on the conservative side.