Quote from options2001:
just bringing this old thread up when everyone was ripping me for buying stem cell stocks. i sold out majority when it popped last time and jumped in when they tanked. now iam holding with a stop losss order. I hope some one benefited when i alerted everyone good 2 months before this pop.
I bought 20 GERN Feb 7.50 calls in December for .12, sold them yesterday for .65, if I had the balls to hold on or set a higher limit order I could have got 1.75! But 500% is cool :>)
I also bought a bunch of Mar 7.50s on Thursday, just in time. Made a nice profit in the early AM. I checked back a few hours later and saw that we were above 30M traded so I got back in, all-in and will stay in until we break Friday's high, then I will scale out, don't want to get caught in what may be a big dump, like someone said earlier in the thread, you never know when that dump will happen so be careful!
But also I'm with you on holding these if you can handle the price swings. I'm too short-term for that and like to keep money flowing liquid. Well...if I had an extra 50 to 100K I may do the buy and hold...though once these get run up higher over time they can experience one of those wicked "bio-drops" on bad news...hhmmm...still be careful!