Lol. You better never invest in JAZZ, GPRO, TSLA, GOOG , etc ! You might need to search for a sleeper stock that gains 25 cents a week.
I disagree with some of what you said. It wasn't a good day for many stocks ..... the ones that got smacked got hit hard and a scant few were up nicely. Most that had gains were small gains just like the market trend 20 years ago. Back then you'd be happy with a 50 cent move in a day.
It looked to be a good day based on the futures but then the political shenanigans set in. JAZZ had buyers lined up based on those futures since they did have good earnings and guided higher for next Q. I don't think expectations were higher. If they were, you would have seen a lower open to begin with. You took advantage of the spike which came directly from a good report. Good news is good news no matter how you try to slice it. Market conditions are the issue , not JAZZ. Don't forget that some who have a nice profit sell into a rally and go to cash ....... fear based move a majority of the time.
Hats off to you for your winning trade. I'm hanging in . Been in for many years so I've seen this a million times.
If you take a look around you'll see that many issues 'look weak'. Market does not like the political scene (confusion ahead/bickering) and some head for safe havens (like bonds). Let the dust settle .
JAZZ is volatile. If you haven't been in it for a while this is pretty typical behavior on a bad day . Most bios are getting smacked. Best thing to do is go for a walk and do nothing....unless you want to take a profit (like I'm sure many have done to secure their bottom line) . Loads of damage done across the board but I've bought a few issues .
Not yet. I am semi retired but work for myself so it's not drudgery , Currently busy caring for aging parents (we are talking 90 yrs old plus). I'm lucky to have a great family of team players and the flexibility to keep the parents out of harms way (nursing homes , hospitals etc).
GL with Jazz and all your other stocks.
You bet tx. Always a wild card to be in these bio issues but the further you are 'in the money' the more you let it run (or pull back). Key is to hang in there. JAZZ has let investors down once or twice in many years.....can't recall. But, having said that, that is a small part of the bigger picture. GL and good fortune.
I have been in since sub a buck. Dang, have not sold one share which goes against my normal rule of pulling out original investment plus a profit and letting it ride. I am looking at over a 5,000% gain. Not bragging, just saying.
On the flip side, when you sell don't those Canadians give you more (it's a floating currency) ???? It's should be converted ,no ? Or, are you using a US clearing house for your trades????
Why would anyone one buy US stocks if they did not get the correct conversion rate? I did a few foreign trades and it always was calculated .
Canada marches to a different drummer?
You had a 100% gain from your last CPRX ride. You have not held it for two years (you said you HAD the stock and sold, and now bought back in) Take a deep breath and realize that patience is key. Nothing is a slam dunk.
Take pk for example. He flies in here saying he won't chase and only will pay XYZ for CPRX. Then he gets in (not before the news hits but afterwards) adds to his position as CPRX drops (in a horrible market) and ultimately has a stop on his shares and bails out.. He bangs out a loss , has no clue what the hell CPRX is all about and moves onto the next stock of the minute.
He had some (few) valid points but this is not the way to gain big dollars in any stock. Geez. Do the footwork, commit yourself , and reap the rewards.
My track record outweighs pk any day/month/year. Not bragging but you get in when no one wants what you see as value and you hang on for the ride.
The QCOR reference is a bit similar though not quite .I invested in CPRX while researching IS competitors (infantile spasms) after being a very long term holder of QCOR. QCOR was a slick, slippery slope but eventually marketed itself as a buy out company. Trust me , they are not the only show in town (which is why I threw some dollars into CPRX). Agree that CPP 115 is promising which is why I invested.
Who knows if CPRX gets bought out. If you have a needed product you can go it alone. I could name companies who have become 'it' without having to marry into another company.
Great post and thanks for the input.
Isn't this your post from a few weeks ago ?????
Just bought 1300 shares..always loved this stock.
by timross21881 • Sep 18, 2014 3:45 PM Flag
Had this stock last year, and sold off for a 100%. Granted I only had $1000 invested haha. But it showed me that this stock is real, and has some great, passionate people behind it. Sky is the limit for CPRX. Just wonder where is might be by year end..
Sentiment: Strong Buy
Fer crying out loud you only bought back into CPRX several weeks ago ! Lol . Patience my man. Look at the market. This is not time to call it quits unless you lack conviction in the company and where they are headed. Me, I've had this a while and started a whole new position in another account today.
Hey, if you have a profit and are nervous by all means cash out.
I have KERX and BLUE. Have been in and out of KERX several times and recently got back in. You might like to look at AVNR , BCRX , INSM , RMTI. I have a few wild cards in the bio space that I won't even mention.
You are correct. Anyone who cares to check can go to ARN (analyst rating network). Piper also reiterated rating (positive) but believe they kept their price target of 4.
Not everyone is invested in CPRX for just one aspect. Sorry, there are much bigger things in the works.
If ,as you claim , you've been watching CPRX there have been plenty of chances to get in under 3. Geez, you had to wait fro breaking news to try to get in ? Days, weeks etc it's been way under your 3.30 level.
I have had CPRX for a while . Actually found it while researching something else completely. Key is, you get in BEFORE news hits and stick with it. I do agree to remove your initial investment plus a slight profit . Removing money that you already worked for makes sense.
You have some good advice but with bios you need to have patience , do tons of footwork and a gut of steel.