Quote from TheSorcerer:
I have $50,000 that I am willing to lose for a 90% chance at $100,000 in a short time (less than a year), where I am willing to risk a 10% chance of losing everything. I am looking for a 100% bet.., but I am willing to lose it as well. help...
The effort has to be minimal as I am not able to focus on the markets during day time. I am looking for that one big idea that you may have and is willing to share... THANKS...
Check out SVNT - Phase 3 nearing completion in next month. First new gout drug in 40+ years. Results expected in December. Go check out Phase 2 results, FDA SPA for Phase 3 and recent conference calls the company has hosted (or check SEC filings). Company claims almost 100% of those in study are choosing to continue with a 1 year follow on study which suggests good trial results. The company will either go to $30+ IMO with approval or tank to under $5. They have like $170 million in the bank.
One analyst says peak revs could be $1 billion. Margins expected at 50% and 53 million shares outstanding. The math says they could make some serious money as far as EPS if approved and market is as big as some suggest.
Give your willingness to lose it all or go for 100% gain this is a possible candidate IMO.
Disclosure: I now hold about 22K shares.