I don't know. I took profits too early. I'm just saying that you should consider the fees to your broker before making investment decisions, because it won't always work out as well as this trade.
You gave up ~10% of your investment in fees to your broker on your initial investment. While this trade may have worked, it's not exactly a recipe for success in the long run.
This is the 2nd time in 2 weeks I've missed out on 100% plus gains. Still have 25k shares, but for some reason, I got up early today and couldn't resist taking profits. My portfolio is still down about 8% from April.
I've been following it since it used to be ASTM. It looks like a completely different company with a few catalysts coming up. Volume has dried up lately, not sure what to make of it. The April options seem to have a huge premium. It's currently my second largest pos next to PTX. I'm looking to double my pos on any pullback and/or keep trying to get those April options.
Nope. I pretty much gave it up a few years ago when I started trading biotech. I do play freeroll tournaments sometimes and lose a couple of bucks in ring games from any winnings.
I just see it as someone trying to get the bonds on the cheap, which is why I'm wondering why the existing holders would agree at this point. I don't know much about convertible senior notes and the inner workings of deals associated with them, though.
I think those puts had the most activity today. Any reason for buying Sep as opposed to Oct? I bought a tiny amount @ $9.1 and I would also sell @ $12. Reminds me of AERI.
I'm in the same boat with PTX. It really has been like trying to catch a falling knife. I need to reduce my stake in PTX and just be patient.
I hope so. Would have liked to buy more, but most of my money is tied up in PTX until at least Fri. (options exp.) Might be able to grab 5k more next week, but that would probably be it. I try not have more than 20% of my portfolio in just 1 company and I'm already deep in the red here. Good luck.