I'm not looking forward to $6 gas.
Good luck to all.
I would be OK at 5, if it hits 2.50 I will be distressed.
I sold the $5 puts to finance a purchase of calls. It looks to me like I am dead! See you at the bankruptcy court.
IMO very few biotech stocks have any fundamental value. I am banking on it only falling 50% on this news. If it falls to say $3 or lower I will buy more in anticipation of some kind of nonsense run-up based on cash on hand, and a short squeeze.
Do you think it goes below 5, and if so how far below. And further, do you expect it to eventually rise from the dead and go back over 5.
I hope it only falls to 7.
It's hard to say. I would hate to own this one at any price if rejected, but on the other hand a drop to $5 would be extreme.
I got good news- I actually paid less than 1.25, the order was there but I got filled for a little over a buck! Right now they are $1.75 so almost double my money already. But I think SRPT will for sure be $60 at a minimum and could be as much as $200 per share!
They are already up to 1.60, I like this very much!
If we are conservative, and say just 5 billion market cap which is nothing for approved drug bio company, this would be $130 per share and the 50 calls I bought at 1.25 (which are at a small profit right now) would yield a gain of $450,000 on only $6,000 invested.