qui; also catalyst to all panick buying was ACAD cancelled presentations at Cowen & Roth confs. added speculation about BUYOUT...
ACAD now up $7+; I believe some short squeeze but real reason behind this stock strength is PDP drug ready for NDA filling..plus original reason behind buying is this drug is so good efficacy and safety profile ..last yr this was highly visible but not very many believers but now it's getting real high profile on media , analysts, brokerage upgrades...It's realness sinking in to many...I believe stock can go lot higher than $50 some house target price.. IT'S PANIC BELIEVING ABOUT NDA COMING BEFORE END OF MARCH...which triggered short covering and buying held back because of company delays on NDA but it's real now
I will do more refined tech analysis but fast looks worth some shares..I am deeply into SYN ,recent new addition. many shares but low PPS ...I am so pleased with ACAD ,never gone wrong with naked PUTs every month...this morning added $40 puts expecting to get more shares through push but already far far out of range...I sold 400 March Puts last month but all out of money...I am glad my buys were from yr ago....INCY ; I am following detail TA ,even doing last few days of down days, TA never broke down, our GEM is still shining strong...interesting time will be May-June.. I have loaded INCY PUTs (short).... I never buy PUTs for defense...my attitude is if I have doubt about it,SELL or reduce to comfortable level and stay in... GLTA INCY Longs
This stock ADXS...has exploded since INCY & $23 million funding... I tell you it's small boat but can give you long ride this year...keep eyes on it
Jacosa; Again thanks for detail explanations to the recent option combo strategy...Thank you for honest observation/opinion on my investing attitude...when you see my total investment package and my family makeup; you can see why I have this type of investing style...I started from nothing after WWII so my value is not just money...I can live happily with life of Zen ..
based on all technical indicators, 53 is excellent buy time..also you will get dividend on 3/12; which help lower cost. i think strongly monday will attract buyers
Jacosa; Because it's your strategy, I look more careful to variety of merits...but I have hard time seeing conviencing attractiveness...this is mainly because my targets are much higher with willing to take more risk...appears that is main difference,,, That is to side; I am little surprise to see you picked Sept. period , except 2013 usually weak period before yr end strength. If I was to plan out similar strategy based on same rationale, ;my brain tells me June and recycle similar set up with adjustment for later expression month ..Doen't this give better potential ? Thanks
I agree that some will cash out PCYC now and move over to most likely into other oncology biotechs...so this yr March might be different for INCY and other hot biotechs...I started buying INCY from early 2009 but those $7-8 shares are all avg'd up now due to Covered Call take away..but in long term, buying any time for this stock is good investment...So I am not going to sell Calls any more ...Just going after Put sell.
WOW sympt ; you are optimistic,... buying without rest period.... no question this stock will go higher but it needs digestive period from overly excited week.. plus FED interest adjustment clearification ...i am going to wait to set my option strategy. GLTA LONGS
yes..very clear shares are going into smart institutions and hedge funds.. loss will be cut deeper by closing
Watch next week for more normal stability and gradual gain or possible side way...Remember this is March, slow period for biotech without M&A....We should not get 10% correction from the recent high...I am satisfy with 5%...
mrd; We all know ripe fruits and leaves fall more easily but another cycle starts all over with bigger crops as tree grow bigger and mature.
It happens to all sooner or later... I let go CLDX and HALO for TAX reason...but I got some back from ACAD and INCY 50% additional purchases ...so use PCYC buying power wisely ...You will regain with new opportunities...Don't sell biotech sector short
Maddie, Mrdtino; In little over first hour, volume is 900k ..excellent buying ...Everyone seem to be adjusting true biotech sector value after ABBVIE offer of $261 for PCYC ...entire flour has been lifted
Person that paid $.90 Call total $180,000 Cost .. Today worth $1,360,000 over million $ in less than 3 month...Thanks from all investors that took this as indicator !!!