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Sunesis Pharmaceuticals, Inc. Message Board

croesus_intervention 10 posts  |  Last Activity: 20 hours ago Member since: Feb 9, 2000
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  • Reply to

    John Najarian--likes ARNA

    by penny1015 23 hours ago
    croesus_intervention croesus_intervention 20 hours ago Flag

    Agree.

  • Reply to

    John Najarian--likes ARNA

    by penny1015 23 hours ago
    croesus_intervention croesus_intervention 20 hours ago Flag

    Your overall assessment of the risk of prescription drugs becoming OTC is well taken. All drugs have the potential for harm if abused. However your comments about aspirin and Tylenol are technically mistaken. Aspirin is a generally safe drug (it's an NSAID and they all do the same thing to your G tract) but even taking a small dose on rare occasions can cause significant gastrointestinal hemorrhaging. I have taken care of a physician once who nearly bled to death after taking 2 aspirin earlier in the day. It can happen simply with 1 pill. As for Tylenol (Acetaminophen), it causes hepatotoxicity (not renal damage until death is near - hepatorenal syndrome) when taken in large doses and is responsible for about 500 completed suicides yearly in the US but more accidental deaths from accidental misuse of the drug or using it with alcohol for a period of time. Belviq can cause Serotonin Syndrome if used in conjunction with SSRI's like Prozac, Paxil, Zoloft, Celexa, etc. so it should be used very cautiously if you are on these meds for depression/anxiety. So much for the pharmacology lecture today! lol!

  • Reply to

    well either 12-15 or 1-2

    by jk4763 Aug 27, 2014 3:23 PM
    croesus_intervention croesus_intervention Aug 30, 2014 12:15 AM Flag

    I really do hope your investment pays off. Science has a funny way of crushing the hopes of people when results are posted. You simply don't know what the outcome will be despite all the DD in the world until the results are in. And even with good results and FDA approval, funny things happen sometimes (look at DNDN, ARNA, AMRN, etc.). If SNSS triples with a successful trial result you will be very happy and feel you were very smart in doing what you did. Hope you are right!

  • Reply to

    well either 12-15 or 1-2

    by jk4763 Aug 27, 2014 3:23 PM
    croesus_intervention croesus_intervention Aug 27, 2014 5:16 PM Flag

    This stock is coming back to haunt me now. I was heavily invested in it (think about 120K) about 4 years ago based on my understanding of the drug's mechanism of action and watched it get decimated after that little surprise 6:1 reverse split. Then I saw it drop from about 4.20 post-RS to around 1.20 and decided a 70% loss was the time to get out. If only I held on... sigh. Talk about really bad timing. I am not convinced that the news is going to be good with this Phase 3 trial. It is simply a #$%$ shoot when it comes to chemotherapy drugs used in conjunction with another agent. jk4763 is right. It will either be12-15 or 1-2 depending on the outcome. Good luck to all who have stuck with it!

  • Reply to

    How low it can get

    by tabloidjunke Aug 25, 2014 8:25 PM
    croesus_intervention croesus_intervention Aug 26, 2014 12:40 PM Flag

    The I.V. on those call options (Jan. 2.5, 2016) is high right now (about 110) and the theoretical value of those options should be around .668 (.67 in round numbers) so they are expensive for more reasons than simply the time involved if you buy them for over .67. They are 507 days out and if there is bad news in the next few weeks you will probably lose it all. It is simply a gamble since an awful lot can happen to AMRN in 1.5 years! With an emphasis on the word "awful"! lol!

  • Reply to

    loading up on oct 2 options

    by sumptersg Aug 22, 2014 8:00 PM
    croesus_intervention croesus_intervention Aug 24, 2014 10:41 PM Flag

    Thanks Akanz2. I have been thinking of simply doign the IBB ETF for a while. Was hoping to make some money back first with AMRN and ARNA. Hope springs eternal here. I do hope your thoughts about AMRN are correct. We soon shall see! 5.95 is my break even point here. I will be happy with 3 at this point.

  • Reply to

    loading up on oct 2 options

    by sumptersg Aug 22, 2014 8:00 PM
    croesus_intervention croesus_intervention Aug 24, 2014 12:55 AM Flag

    Akanz2- I promise I will! sadly I own ARNA too and it is down over 35% from when I bought that. Another "blockbuster" drug that got FDA approval but the stock is simply not going anywhere but down (heavy original short position is the main issue here and it looks like they will win).

  • Reply to

    loading up on oct 2 options

    by sumptersg Aug 22, 2014 8:00 PM
    croesus_intervention croesus_intervention Aug 23, 2014 7:39 AM Flag

    I wish. That was just the IRA loss. I don't even wanna talk about what happened last October in my regular trading account. I stopped posting after that debacle for a long time. Selling covered calls has made me back less than 10K in the IRA. Definitely would help to see this finally go above 3 again (or maybe 7? lol!)

  • Reply to

    loading up on oct 2 options

    by sumptersg Aug 22, 2014 8:00 PM
    croesus_intervention croesus_intervention Aug 23, 2014 12:14 AM Flag

    I must say- a very ballsy move. Spending 35-45K on long options in this situation is potentially going to be either very smart or very dumb depending on the outcome. If there is another delay you can rest assured that you will lose it all. If there is a positive answer you will certainly make 70K or more. I chose the easy way out. I SOLD the monthly covered calls for Sept. at the 3.00 strike and pocketed some nice money in advance. I expect to keep the stock for the potential run up in October if we prevail. It ain't going to 3 unless we get very good news in late September. Good luck. I actually hope you are correct because I will recoup a part of my 80K loss in this stock.

  • 4.43 is not a good price by any means . I am hoping for some similar situation one day when the stock goes UP 13.16%.

SNSS
1.425-0.075(-5.00%)1:14 PMEDT

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