We all want to make money off the incredible bubble in biotech stocks.
Yes very good call there. Upside almost 300%. If I could, I would do the 20/25 for 1.67, upside 200%. I suspect after what you said earlier that it will be hard to get filled for 1.67.
I was already 100% in, got out right around today's price a while back. So if I go 100% in, I need it to hit 5.80 to break even.
I was using midpoint of bid/ask. That's disappointing. Is 25/35 your favorite? I have also looked at 25/40, it raises your break-even but at this point, this bad boy will probably be either 10 or 50 after the news, right? That's the argument against 20/25 I suppose, bad news and it's a total loss and good news you're pretty limited in upside. Very tough to decide, I must say.
I have been looking at options on this. The 40 calls are 8.50 or so, which looks too expensive for me. But, you can buy the 20/25 for 1.50, giving you a 233% return if the stock closes above 25 in 53 days time. Alternatively, the 25/35 can be put on for 2.50, giving 300% return. Or, the 25/40 can be bought for 3.50 (almost 400% return). Finally, the 30/40 can be put on for just 1.80, giving 450% return.
Anyone buying these?
That's the story of my life selling too early on the winners holding the losers too long. I am now down 76% over the past 6 months after I rode PGN down the Hershey highway. I have a friend who had 2 million in 2010 and turned it into $0 over the next couple years in a series of disastrous moves. Why do we even play this game I wonder.
Congratulations- love to hear a success story like that one! Any tips on how you got that done? It sure is hard to find a job paying anything at all right now.
I am just curious how people are playing this. I am considering selling puts to then allow me to buy calls. If it goes bust, I just file for bankruptcy.
Thank you for your thoughts. Given those realities, do you own shares or calls? What % of your net worth have you put in this?
I was thinking since they did offering at 9.50, that would be about the lowest it would go. Of course if they have no other prospects and they got bad news I guess it could go lower. Thoughts?
For me, that might be realistic. I am at 24K now, to get back to 100K might be reasonable given some time and luck.
But for this guy, he now has 0 net worth and is living paycheck to paycheck. There is no way he could save up even 100K to invest, and even if he had 100K, he would need a 20 bagger to make up his losses, or a 40 bagger to get his account back to where it would have been had he simply invested in S&P. Very sad situation!
Make or break, sounds dramatic. What's your worst case scenario if it's bad news? How low would share price go do you think?
Believe it or not, it isn't me I'm talking about but a friend of mine who turned 2 million into 0 between 2010 and 2012. Somehow after being suicidal for months he snapped out of it but I cannot get him to reveal his secret. He didn't find God or anything like that.
I already booked the loss. If you would've told me NASDAQ would be 5000+ and I would have lost this much money I could never have believed it. What debacle. I have a friend who had 2,000,000 in 2011 and somehow turned it into 0 with a succession of poor choices. If he had put in in S&P he would have 4 million now he has 0. Now, be truthful all- would that make you want to kill yourself or not? If not, I need your secret.
Amen. Lost 76% of my account in the past 6 months. True life changer. I'll be honest it has made me want to die at times.
Thank you for responding. I don't think I'll ever recover, I think you're right about not trying. I mean, needing to make 4X my whole account- if you're only risking say 5% of your money and you make a double, it barely makes a dent. I still can't believe it. Now I know what people mean- when they're talking about doubling their money, they usually mean if they had 100K account value, they double maybe 5K worth of their account, for a net gain of 5K. Sadly I had it ALL in PGN, not 5%, so the 76% loss was on my whole account.