I've moved on, Im a trader I made a quick profit, sold at .94 and moved on. My big trade now is shorting CRM via puts @ $60 march 22 strike.....stock is so massively overvalued its not even funny....10x sales....its a momo, a wall st darling and all those nflx,tsla,amzn,etc have been punched in the mouth
follow me @insidernewsb4 for daily updates on what im trading....
This is getting ridiculous, I just entered the stock this friday w/ buying $100 may puts for $6.60, am I short long term? Absolutely not, but is the stock running on fumes after opening at $92 last week? yes....all I need is a dip to $95/96 and I'll make over 50% on the puts....I see all these posts that we clear $105 this week and $120 soon.....you realize 10% weekly gains dont happen in the retail world right? Have you checked the bearish action in the puts, the put/call ratio is at the highest its been and for good reason......this is still a retail company, big deal, its not a high flying pharma and its not a tech company......they sell goods to the world....a world which in general retail minus kors is struggling. Any type of world conflict and the whole market and momo stocks will sink.....kors is that, it was $50 a year ago....no retail $10B company grows 100% in one year.....sorry
Ralph Lauren is $14B
Abercrombie is $2.6B
Nordstrom is $11B
Kors is $20B
absolutely ridiculous....this isn't apple 2004 or anything like that this is pure irrational investing and i promise it will be hit with a swift hammer at some point....even if its for a few days, thats why im an options trader. They're a fantastic company but currently extremely overvalued but momo's can run look at TSLA,SCTY,AMZN....until they can't....one day the market will wake up to realize nobody goes to malls anymore, I live in Miami the Kors shop at Bal Harbour was empty the other day and I was there with my fiancee who showed me they have $6K purses along with $400 purses.....would you want Ferrari to sell $30,000 cars right next to their $300,000 cars? There's a reason Hermes prices birkins at $7,500 and up.....to create demand....Kors is just knock off, I saw a bag identical to a $3,700 chanel bag I bought my fiance....ridiculous....these wannabes are disgusting and I hope the bottom falls out of this stock
I am, its just a matter of probabilities will TNXP see $30 before CYNAF sees $1.60? I doubt it. I am in CYNAF for now and big lets see how the next few days go.
jason napodano said
No real insight, just rumors, but I heard he wanted to return to academia. Let's see who the company hires as is replacement. The drug works and the delivery system is right, so this doesn't change my stance at all. I really like CYNAF. I think it's a double or triple in 2014.
as a trader id say till you're happy but w/ a 10x price target i would say maybe till friday see where the market takes it....look at YOD....SA pro piece last friday and its up over 200% in a few days....
CYNAF has a seeking alpha pro piece coming out at 9:45 AM giving it a $9 price target or 10x current price and the same author is probably one of the 2 or 3 best known pharma analysts napodano
actually CYNAF is the one thats gonna fly tomorrow one of the biggest analysts in the game is releasing a piece tomorrow giving it a 10x price target....
i promise CYNAF will rise 100% before TNXP rises 100%......long term you're right but as a trader im in for whats moving. CYNAF will rise another 50-100% then dilute like TNXP.
and FWIW jason was the first to write about TNXP and he had a $10 target on it when it was $4.....so do the math of what a $1.75 target is for him.......he's ultra conservative....he clearly thinks we go much higher
where'd you read the whole article? ......since when is only 6 fold in a year bad??? TNXP fyi won't even go up 6 fold from here after dilution TNXP max upside is prob $70 or around $1B......to say this has 6x potential this year and is massively undervalued is why CYNAF is the buy right now, it has easy 100% upside from here short term, TNXP isn't going anywhere till oct
lol $200....damn what did you buy $1000 worth....cmon man......how did you lose money bro? I told you to buy on friday at .48 that means if you listened you'd still be up 33% even after the small decline today....i cant help it that you bought at the wrong time.....next time id listen to me.....when someone pays $1400/month for 4 different newsfeed services you should listen to them
watch CYNAF tomorrow....big day coming...
options hawk is the best imo but its for very serious options traders like me, lots of info on unusual volumes but for very experienced traders who are executing strangles and condors and ofther complex moves not really for someone just looking to make small trades
i have 4 different options services i use. I pay about $1400/month total for all of them, they usually release unusual option activity, heads ups on pro pieces occasionally, and just general options iv movements
I figure 4 is better than paying $8500/year for SA pro which honestly is meh from the people ive heard who have it.
huge huge piece coming from one of the most followed writers on seeking alpha and he's saying CYNAF has 10x upside from current price.....thats why its flying high, tomorrow is gonna be a big big day
its coming out tom.....10x gain.....he was the first to call TNXP, he's an analyst at ZACKS
you're very welcome....like i said i have 4 paid services i spend well over $1k/month total on and i get lots of inside info......you're welcome to follow me on twitter i recently started one after ATEC hit and im trying to post all the info straight from the feeds
@insidernewsb4 thats my twitter handle
IDN supposedly has some bullish stuff coming out w/ a $2 fair price on it and its a .50 now its in the booming credit card security field