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Celldex Therapeutics, Inc. Message Board

sumnohowtuwin 24 posts  |  Last Activity: Jul 23, 2014 9:13 PM Member since: Sep 28, 2006
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  • sumnohowtuwin sumnohowtuwin Jul 23, 2014 9:13 PM Flag

    Agreed. The markets...in composite...over time...tend to act somewhat rationally. What happens in between is where the more active players trade cash playing poker.

    One thing is certain - CLDX is strikingly undervalued, at present. Perhaps, not to the degree it was a few years ago when it was trading in the 2's, but, by some respects, you could argue more so. For a variety of reasons, I continue to think this one was bought last fall for somewhere in the 50-60 range, and that we'll get the announcement late this fall or early winter. I also continue to hope I'm wrong b/c the upside is multiples greater without the buyout. We'll know before long. Either way, investors will have done well.

  • sumnohowtuwin sumnohowtuwin Jul 11, 2014 2:07 PM Flag

    Sounds fantastic! Thank you for the recommendation, Ray. I will absolutely write this one down and look into taking a look the next time we're down to see the family. Hoping to get down this Christmas...no place in America has better winter weather - tough to talk ourselves out of the trip each year.

    Again - a huge thanks for thinking to share this with me, Ray. It's sincerely appreciated.

    Best,

    Sum

  • sumnohowtuwin sumnohowtuwin Jul 11, 2014 12:28 PM Flag

    Thank you for the post, long. Your input is always hugely appreciated here.

  • sumnohowtuwin sumnohowtuwin Jul 9, 2014 2:24 PM Flag

    Wonderful to hear the hurricane came and went w/o much damage. Boy, your mention of Sunset Grill and the waves crashing the dunes makes me want to get back prior to the fall. I love all of our area beaches, but none quite compare to the northern OBX, for me. We'll have to check out Agaves. Never been there, but I know exactly where it is there in the FL strip. Like you said, couldn't have picked a more perfect w-e (after the hurricane, of course). It was even beautiful here in Durham - 80's, breezy, no humidity. Great change from the days before and the one after (heat index broke 100 yesterday...not so nice). Glad you had a great trip Frank.

    Best,

    Sum

  • sumnohowtuwin sumnohowtuwin Jul 9, 2014 1:59 PM Flag

    Our family loves Corolla. Beautiful land. Did you have a chance to hit take go out and see the wild horses along the north point, the Currituck LH and surrounding village, or the boardwalk down in Duck? Absolute favorites for our family, though we often visit in October after the crowds, heat, and rates have dropped. Were you there for the Hurricane? Looked like a quick mover, but I always worry about 12 flooding over and taking damage. I'm hoping all held up well. Only a few months until we hope to return.

    Sum

  • sumnohowtuwin sumnohowtuwin Jul 8, 2014 12:13 AM Flag

    Agree on more than not, Ray. The key figure you note here seems to be at the participation rate, which peaked in 2000. Most economists agree the current economic depression began in 2005, but it seems fair to argue that this did pivot prior. What's most frightening is that this continues to drag as the largest population surge ('Millenials') should be entering the work force. They haven't - some for good reasons, some for more self-serving reasons. No matter - the long-term consequences of losing this population from the work force are not pretty...for our budget or our broader stability of our society.

  • Reply to

    Bristol-Myers End Up Acquiring Celldex?

    by dinepat203 Jun 23, 2014 2:49 PM
    sumnohowtuwin sumnohowtuwin Jun 23, 2014 10:05 PM Flag

    Peter,

    The best advice I can provide is to learn the science, track the real updates (long is kind enough to share many of those right here on this board), pull the chart wider (tracking daily swings can become addictive, but destructive, as they pull at emotions rather than reality), and ignore pretty much everything anybody else (including me) tells you unless it makes sense to you...and then filter what makes sense through your own DD. Very few things happen over night, but if you look carefully enough, you may be surprised what you can do with over the years.

    Best,

    Sum

  • Reply to

    Bristol-Myers End Up Acquiring Celldex?

    by dinepat203 Jun 23, 2014 2:49 PM
    sumnohowtuwin sumnohowtuwin Jun 23, 2014 9:09 PM Flag

    Tina,

    Thank you for question. Frankly - very few buyouts are done spontaneously. Most are painstakingly well planned, particularly in this industry b/c of the length of time it takes to progress any compound from start to finish (could see this pipeline coming for a decade+; just now getting close to market). Follow the institutional changes, long and short, watch the option timing, follow the science, do your own other DD (some of the rest is tea leaves). I'll never claim to have the perfect algorithm - I simply watch patterns and have see certain things happen in my twenty years in the market. I've repeatedly noted, I'd prefer to be wrong on this one. I sincerely think we have a deep and robust enough platform to be a major biotech three years from today and a leader in the field in five going alone. Just too many signs pointing to a buyout last fall. Hope I'm wrong because I'd far rather sell in the 200's or 300's a few years from now than have my shares stolen at 50-60 later this year. Time will tell.

    All the best,

    Sum

  • sumnohowtuwin sumnohowtuwin Jun 23, 2014 3:33 PM Flag

    "You cannot post “Thou shalt not steal,” “Thou shalt not commit adultery,” and “Thou shalt not lie” in a building full of lawyers, judges, and politicians. It creates a hostile work environment. -George Carlin"

    he, he. GC - Without question, one of the greatest ever. May he RIP.

  • Reply to

    Bristol-Myers End Up Acquiring Celldex?

    by dinepat203 Jun 23, 2014 2:49 PM
    sumnohowtuwin sumnohowtuwin Jun 23, 2014 3:31 PM Flag

    "Bristol-Myers End Up Acquiring Celldex?"

    Likely already did. Still could have been (could be) somebody else, but this would be the most likely buyer. Always looked like 50-60, shortly after the run up to and after SNO. Still looks that way.

  • Reply to

    They were still shorting CLDX in late May

    by myownhedgefund Jun 10, 2014 4:08 PM
    sumnohowtuwin sumnohowtuwin Jun 10, 2014 7:58 PM Flag

    "That was virtually predictable.....they're greedy and arrogant and often over-stay when they feel they have a negative sector trend. UNTIL, THE TREND TURNS!! This SI will help fuel a serious uptrend again""

    goforit ,

    It was more than 'virtually' predictable, it was completely predictable (at least in the final months). In the long run, much in the market is sensible. In the short run, movements are a function of the puppet master. Do you think the timing of the moves were coincidence? I've posted much here I won't beat over, again (at least now), but I can almost assure you there are materially no real (naked) shorts in CLDX. We can mock and tease this crowd as we please, but they are not here...they are in many stocks, but not here. This one was very well controlled. Good news - this means materially all shorts gain money as they cover over the coming months....helping to control and sustain the rise. The right kind of short shares are a long's best friend. We have the right kind of short shares here, I'm quite confident.

    Sum

  • sumnohowtuwin sumnohowtuwin Jun 9, 2014 1:58 PM Flag

    "Sum, why have you come to this conclusion? And why that price range, if you are correct? Sum, you are rather serious minded, so I don't think you say such things lightly. You have my attention. I agree the drop was coordinated, but not so certain about a buyout. I'm quite certain the conversation has be had, but not so certain M and possible buyers could have come to terms M would agree with."

    Ray,

    Great to hear from you, my old friend. I continue to hope I'm wrong, but this one has felt like this since shortly after the secondary last fall. Most recently, while I'm happy to see the recent move that immediately followed the newly granted options, this was the more telegraphed part of the process, to date... I'm pretty sure everybody here saw that part coming. Tag along the very controlled institutional increases in long and short shares, a steady move that spit in the face of all good, bad, or indifferent news/pipeline updates, recently announced increased coupling with BMY...the list goes on. Is this one in the bank? Absolutely not...but when it looks like a duck and smells like a duck...wise men get their ovens or deep fryers warming (had to toss in a little NC humor!). I've long said, I see us being a legitimate game changer, given time. If we're not bought out, I think we're holding an easy ten bagger in the next 3-4 years. I'm just skeptical about the price movement of the past 9 months. Why 50-60? History has taught me the average buyout runs ~50-75% above a stock's peak or 100-150% of what the company can raise a material amount of off-the-market institutional capital. My best guess of a buyout price, if one was negotiated last fall, is somewhere in the 50-60 range. Time will tell. The one thing I think we completely agree upon - this one has huge room to run - no matter who the owner is six months from now.

    Sum

  • sumnohowtuwin sumnohowtuwin Jun 9, 2014 1:18 PM Flag

    Think CLDX.

  • sumnohowtuwin sumnohowtuwin Jun 9, 2014 1:10 PM Flag

    "At what point will the enormous short position capitulate? At that point, we sail to the mid $20s in no time."

    Agreed. This one was telegraphed for anybody watching, objectively. Unfortunately, I only really looked at what was happening after the last dip. The move from last fall was very clearly coordinated...as will be the move back up. All can cry and whine as they please or buy the quiet buyout that took place last fall. This one looks to have been sold for 50-60/share. ~Nobody is naked short here. All who roast the shorts are kidding themselves. Shorts on the books are long fund managers who helped the move to clear a new set of options for the execs. Well done, and offered up a freebie to longtermers with cash on hand, and an excited trade for those looking to make easy money. I say - kudos! Very well played. Call it what you will, but nothing illegal was done here, from what I've seen. I will reiterate to all playing - do your own due diligence....look at every angle yourself....make your best call on what's happened over the past couple of years (and highlight the past several months)...then...and only then....make your call. I will continue to fully disclaim - I am very heavily invested in CLDX.

    Sum

  • Reply to

    CNBC mentions CLDX

    by sadiecc2 May 29, 2014 3:40 PM
    sumnohowtuwin sumnohowtuwin May 29, 2014 4:46 PM Flag

    "Nice little plug on CNBC today with CLDX as the only small cap mentioned in their brief update on ASCO (all the rest mentioned were the big boys)"

    CLDX is a big boy with a distortedly small cap (I have my theory as to why). Sort of like MJ back in high school...sorry for the NC reference. If we're not already bought, we see 200 in a couple of years.

  • sumnohowtuwin by sumnohowtuwin May 23, 2014 11:26 PM Flag

    The skies are streaking tonight here in NC. I hope all who can look up tonight do so. The debris from 209 is heavenly.

    I hope that all have a wonderful Memorial Day.

    Sum

  • Reply to

    Wild Price Swings......

    by flogonuzim May 22, 2014 2:36 PM
    sumnohowtuwin sumnohowtuwin May 22, 2014 2:49 PM Flag

    The chart says the big boys want to test the 50 right there at ASCO. Makes sense. would be a perfect time, in technical terms, for a mid-term pivot. Sets up perfectly for the following bouncing motion between the 50 and 200 leading up to SNO...then...still hate to type it, but....the buyout. I've been saying it here for a while. This one has been handled more clumsily than most back-room arrangements...that said, as a retail investor, I'm thankful for the transparency.

  • Reply to

    Overbought short term.

    by mhectic1977 May 14, 2014 12:16 PM
    sumnohowtuwin sumnohowtuwin May 14, 2014 4:24 PM Flag

    mhectic1977,

    Assuming the numbers are your year of birth, we share this much in common. It's hard to follow the rest of your pretty consistent ranting. I can't tell if you're a former long who lost his shirt or a current short whose shirt is now on fire. One thing you would learn if you 'did try to post on YMB's' is that they are full of well-intentioned folk having fun while passing time. Some play more than others...some less. To CLDX - from a quick read of your posts it becomes quickly clear, you're out of your league. Been there - for me, this happened back in the late 90's and early 00's. That said, all enter the game at different ages.

    I do wish you all the best. You are missing this one, though, and doing so pretty badly.

    Best Regards,

    Sum

  • Reply to

    Overbought short term.

    by mhectic1977 May 14, 2014 12:16 PM
    sumnohowtuwin sumnohowtuwin May 14, 2014 2:25 PM Flag

    You're adorable. This was badly oversold when I began buying back in at just over $24/share. Everything under 30 is a steal. $16/share is like paying $10K for a brand new Lexus.

  • Reply to

    CLDX presentation at Deutsche Bank conference

    by long_vrts2 May 8, 2014 1:16 AM
    sumnohowtuwin sumnohowtuwin May 9, 2014 9:14 AM Flag

    Fully agreed. Much like these other success stories, CLDX is built around a comprehensive, and stunningly successful, clinical platform, not simply a single compound. A few years from now, everybody who knows Pharma/Biotech will know CLDX, and think of them in the same light as the GILDs of the world....that is if we can avoid a takeover...fingers crossed on that topic.

CLDX
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