I wasn't gonna buy shares on top of my Jan calls, but now I have 11k shares and 110 $1.5 AUG puts. LOL
I thought it would pull back like before so i sold my 10k shares around $5.9 avg. Still have some Jan calls. It seems to be trading similar to the way it did prior to the pdufa. I could be wrong, though.
I'm pretty sure it'll drop in the short-term, but who knows with this stock. I mainly trade biotech, so I know I could be wrong. LOL
My first attempt to short was at around $600, but I got nervous and closed it out with a tiny profit. This one is definitely tough to short, but I think I'll keep buying small amounts of puts from here on if it goes higher.
Why don't they put that cash to work by making acquisitions like HZNP and utilize the sales force instead of drifting into the abyss? I bought 40 Jan $2 calls for $0.5 today, probably another loser. lol
AKBA popped 25% intraday yesterday for no reason other than a conf. today, I think. I didn't expect that at all and even worse, I kept shorting the higher highs. Then I bought $7.5 OCT calls out of fear. lol
I was right about going short on JUNO, but it spiked up nearly 30% just a few days after my initial short. I could have made some serious money if I had just waited a few days.
You might be right, I used to be in some like LCI and VNDA where it looked like it couldn't go lower, but of course, it did.
Yep, I remember HZNP when it kept dropping down to around $2 and then it just turned around one day for no reason and hasn't looked back. I don't know when the turning point will come for PTX, but I hope it happens soon. It's so hard to time the market moves, because it usually happens when you least expect it.
I have $5 August puts that I bought for $0.2, so not going to sell at a loss. I have high hopes for this company, but I've seen this trading pattern many times. It'll break a lot of confident longs before going on to become a multi-bagger like so many others.
I went short 500 shares JUNO today avg. $56.75. I initially shorted 100 shares pre-market and again after the open, but then it popped for some reason over $60. Then I bought $60 July calls out of panic. lol