I think you are off on your numbers again 60 k of 1509 shares of BRLI will get you 4177 shares of opk which will have to be at 18 to make you 15k it currently if they closed deal tonite would net you almost $8000
he is improving at last he acknowledges it will be going up in the month ahead that could break his record of wrong predictions as long as you only consider direction lol
IMO the best way to exit is to sell nov 100 ACE calls against your holdings 6 contracts per 1000 shares of CB
and used their 6 mo fast track application and it is for HIV in conjunction with janssen pharma, I would have thought they would have used it on something else that they owned fully, oh, well good luck on that application but it also competes with one of their current regimes which is also surprising to me on its use.
posters other than ignore button then these boards are going to become totally worthless, they need a moniter and way to track multiple Ids to give them one warning that their posting privileges will be suspended for that computer ID if they continue. The only reason they dont is they must be being paid by the HF that pay these guys.
I dont know what was funnier your sarcasm about stanstevens being your nonproprietary trading system or the fact that he didnt understand it any better than he understands this stock. you may have to name it in CAPITALS so he can see it better.
well it is speclative and volatile but not ridiculous, Its pe is not as high as most biotechs, it has earnings, a great management team, lots in the pipeline, future growth, solutions for problems that arise, great growth rate, a very bright future, hard to see ridiculous and it earns the speculative and makes it look small. The overall market is volatile. Just cant wrap that ridiculous part except for the shorts and they are ridiculous and this one is annoying and hilariously omnipresent.
doing it in options is unlimited, today I bought 40 BRLI nov $35 calls at $7.80 and sold 110 OPK dec $14 calls at $3 for a net credit of $1771.44 after commissions. If Opk closes over 14 I will make an additional $14000.00 minus commissions It will cost me no margin interest but I did need 65k in margin availability. this is an excellent return for no money involved and no margin costs as I got a credit BRLI profitable to 34.56 and opk 12.57 ot.otherwise any close above those numbers with this deal closing is profitable.or I own a lot of OPK at 12.57 which I would be comfortable with doing. I do not make suggestions that I dont do and dont make them until after I have done them. I have blood in every suggestion. I used to do an extensive amount of M&A arb in 2008 with stock but now the returns arent as good as then but now almost all stocks have options and they are extremely profitable, requiring less money outlay, and not much more risk but easier to place so I plan on doing more. I have looked at the CB/ace deal but ace is near its low and I cant do options deep enough in the money for my comfort.
a suggestion if you are doing options look at deep in the money bull call spreads for example 7 weeks ago I bought aug $23 and sold aug $28
calls for a debit of 3.60 that will be worth $5 if held to maturity as long as Hznp stays above 28 by closing which will be 3 month return of 39% return
minus commissions in that time frame. currently i would look at nov 25/30 and try to get them on at 3.50
shitake's only life is to respond to corvette or about corvette, check his posts he offers no more than corvette and I put him on ignore also, check his posts and I am sure you will add him to your list as you are already catching on. Question about your original post that I dont understand, I assume the 2.5 and 5% are referring to percentages of your portfolio and are you doing stock or options?
my goal when I traded was to make a 1/2% a day while that doesnt seem like much it is 100% per year so clipping 20 cents here and there is big money.
let me add one thing, my son ask me to teach him and I said no it was high speed gambling and most where not successful, I made 250k but I have not done it for longer than a few weeks since as the stress is more than I want and the market is too uncertain. I would consider again if we got into a good bull market with good fundamentals and the right stock but not now
I daytraded GS for 6 months trading 3 to 4 times a day and did well but during that time GS went from 80 t0m140. You need to back out the gain for just holding and what I mean is i traded 2000 shares at a time and also held 2000 shares and you need to take the 120k that the hold made from your daytrading profit to see if you beat holding, if not then you really lost. I doubled my gain but it was very stressful as all day long I never took my eyes off the screen and had orders ready to enter sometimes i was in a trade for less than a minute. But you did hit on one key that I found and that is to pick a stock you want to own that is in a great uptrend, it makes it easier when you miss a swing you can hold overnight for the recovery.
the problem with daytrading is catching the swings it isnt as easy as looking back at a chart and saying get in here and out here. try it on paper for a month and see how you do and do the trades then write it down as you say get in and get out rather than I should have gotten in and should have gotten out. let me know how you did do it for 20 trading days.