"I bought NVAX at $1.13..."
Damn, that was a good entry on the common. Approximately 100% return in a week, try getting that at Wells Fargo, lol.
NVAX down 84%, Some Option Buyers bought the $8s for $.20
- Thread starter JesseJamesFinn1
- Start date
"I bought NVAX at $1.13..."
Damn, that was a good entry on the common. Approximately 100% return in a week, try getting that at Wells Fargo, lol.
Joe I read the 10Q when the Shorts came out and pounded the stock in to the ground. It had $1 in cash with other assets plus debt, enough to make it to the next point. I've been in and out of a stock call LJPC La Jolla Pharma since the 1990s each time bailing out before a big announcement. One of my biggest failures was not holding PCYC all the way up, I enough shares near their low, if I had the fortitude to hold it it would have been worth $15 Million!
I buy in when they get pounded and hold, same with PTIE-DRRX(Pain Drug Coating). I honestly thought NVAX might hit $.7 during tax loss selling. Will protect my position with cheap puts.
This is the second time I've played NVAX after they failed to meet their drug's requirements or endpoints. I thought about selling some covered-calls to protect my gains and probably will because its exceeding my cash price basis and there are other stocks moving up passing their 50,100 and 200 MAs. That piece of trash stock I had mentioned about all the option buyers is trying to find people to get involved in its pump. We still have Tax Loss Selling to deal with, I doubt all the big players are done dumping their losses to match their gains. Did you trade any ARRY today, it was another obvious play and these are the kind of stocks you hold to sell after hours because the Pushers show up and push the stock up another $.30-$1.00 from past experience I enjoy waiting for these tag teams to squeeze stocks so I can sell for a higher premium.