Announcement

Collapse
No announcement yet.

The Biotech Trader Lounge

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    #46
    Originally posted by KTP View Post
    I am not bold enough to go short on the market, but I am sitting on over $150,000 cash for a few more days. I do feel like I am getting itchy though....Greece just seems to keep hanging in there....come on, either default and let me buy some cheap stocks, or sell the Parthenon to China and get out of debt so we can get some normal markets.
    Sold some positions to raise some cash, here's the screenshot on the smaller account.



    g

    Comment


      #47
      Originally posted by gambler2075 View Post
      Sold some positions to raise some cash, here's the screenshot on the smaller account.



      g

      Show-off

      Comment


        #48
        Another bear raid today on Avanir! (AVNR)

        lol

        That stock gets so much manipulation it is fun to watch. No position in it now, but I did double my money off the options on it recently, so I have some fondness for it as a moneymaker.

        I really wonder where it will go long term selling a $20 drug for $5500.

        Comment


          #49
          Originally posted by Slug View Post
          Show-off


          g
          p.s. some crazy trading action on AVNR, I gotta do some snooping around to see what happened today.

          Edit: Looks like there was a paragraph IV filed, which means that there might be some generic competition trying to enter with Neudexta...

          Paragraph IV Patent Certifications
          Last edited by gambler2075; 06-30-2011, 05:23 PM.

          Comment


            #50
            Originally posted by gambler2075 View Post
            The macro trader I know is starting to go short the market... he is starting to buy TZA at 35.5 (partial position) after buying TNA at 68 and selling at 79...

            g
            He is now fully short, via TZA at 34.6. We'll see.

            g

            Comment


              #51
              Originally posted by gambler2075 View Post
              p.s. some crazy trading action on AVNR, I gotta do some snooping around to see what happened today.

              Edit: Looks like there was a paragraph IV filed, which means that there might be some generic competition trying to enter with Neudexta...

              Paragraph IV Patent Certifications
              So any company can file a paragraph IV on a newly approved drug?

              Seems like a good way to make money. Short a drug company, then file for generic on their approved drug. No matter the outcome of the filing, make money on the short position.

              I think drug patents get the shaft compared to other IP. A company can spend hundreds of millions doing all of the required studies and trials, then someone else can come along and start selling a $20 version in a few years.

              Comment


                #52
                Originally posted by KTP View Post
                So any company can file a paragraph IV on a newly approved drug?

                Seems like a good way to make money. Short a drug company, then file for generic on their approved drug. No matter the outcome of the filing, make money on the short position.

                I think drug patents get the shaft compared to other IP. A company can spend hundreds of millions doing all of the required studies and trials, then someone else can come along and start selling a $20 version in a few years.
                Well, AVNR will probably file a motion, or injunction, or whatever it is called, to protect Nuedexta for 30 months. And there will be a spike on that, but the question is, how long will it take for that to happen?

                g

                Comment


                  #53
                  Originally posted by gambler2075 View Post
                  He is now fully short, via TZA at 34.6. We'll see.

                  g
                  He's hurting a bit... but I may start a position in TZA at end of day. 33.28 now.

                  we'll see.

                  g

                  Comment


                    #54
                    boy are we starting to look like fools. I predicted msft was going up, acted on it, and then sold out way too early. I then had the clever idea to sit on all this cash while mr. market just keeps climbing higher.

                    Oh well.

                    Comment


                      #55
                      Originally posted by KTP View Post
                      boy are we starting to look like fools. I predicted msft was going up, acted on it, and then sold out way too early. I then had the clever idea to sit on all this cash while mr. market just keeps climbing higher.

                      Oh well.
                      How much would you have been up if you sold the MSFT calls now? this is on a 60K$ investment, right?

                      g

                      p.s. I'm wondering when the pre-4th of july profit taking is going to start... IMO traders might want to sell to protect their profits on this past runup, in case some kind of disaster/terrorist event happens in the next 4 days.

                      Comment


                        #56
                        I'm with you, but it's an hour from close and the trajectory is still up, not even flat. Too frothy for my tastes.

                        Comment


                          #57
                          Now short, via TZA, 33.37. We'll see. More of a swing trade.

                          g

                          Comment


                            #58
                            Originally posted by gambler2075 View Post
                            Now short, via TZA, 33.37. We'll see. More of a swing trade.

                            g
                            I am short Chipotle July $310 puts at $3.70. I think I got them at the low (high price of the day for the stock) but they are only good for 14 days so really a swing trade. Even a teeny bit of negative news on this "priced for perfection, PE 52 fast food stock" will cause it to go back under $300 and I could see a 400% gain.

                            Anyway, only did 5 contracts lol.

                            Comment


                              #59
                              Originally posted by KTP View Post
                              'splain something to me about PTIE.

                              Market Cap: 148.77 mil
                              Total Cash: 98.48 mil
                              Total Debt: 0
                              Stock price: 3.42
                              Cash per share: 2.24

                              Book value per share only 0.87??? why?
                              maybe the market figured it out now... 4.64 now... wish I had 3.39 shares, lol

                              Pain Therapeutics, Inc.: NASDAQ:PTIE quotes & news - Google Finance

                              Comment


                                #60
                                Originally posted by gambler2075 View Post
                                maybe the market figured it out now... 4.64 now... wish I had 3.39 shares, lol

                                Pain Therapeutics, Inc.: NASDAQ:PTIE quotes & news - Google Finance
                                Dang that would have been a nice trade.

                                My Chipotle (CMG) play blew up and I sold my $3.70 puts (5 contracts) for $3.40 yesterday...thank goodness, because today they are trading for $1.50! No worries because I made it up and then some with a one day trade of April 2012 microsoft $24 calls (bought 50 at $3.00 yesterday, sold today for $3.25). Facebook using Skype may have been some of the reason for the slight run, but it could have just been a precurser to earnings.

                                CMG $325 just pisses me off for some reason. PE 55 seems crazy, but I decided you can't fight stupid, and the market sure is stupid.

                                Back in my little corner holding cash for awhile.

                                Comment

                                Working...
                                X