***Official*** 2010 Stock Market Thread

[KDKPSJ]

STD looks good, but only one thing holding me from getting it is that the media frenzy may start against Spain as Greek deal is clearing out and dropping STD for better entry. What you guys think?

 

[JS80]

STD looks good, but only one thing holding me from getting it is that the media frenzy may start against Spain as Greek deal is clearing out and dropping STD for better entry. What you guys think?

It's a tough one. I was expecting better reaction to the Greek bailout. That has me concerned so it might be prudent to wait. Or buy in increments.

 

[AUMM]

I just ate loss on GNVC, and bought few more DNDN shares and options at around $ 55. Hope I made a right decision this time!

which options did you buy?

 

[KDKPSJ]

which options did you buy?

May $ 60 Call. Quite a gamble, isn't it? But since OPEX is 3 weeks away and the momentum for DNDN is still there, I am expecting a good gain out of it.

 

[JS80]

Another Greek play with good dividends OTE.

 

[Azurik]

KERX will be the next DNDN

That's possible, but KERX is too early in its stages. Show me Phase III data!!!

 

[Dacalo]

That's possible, but KERX is too early in its stages. Show me Phase III data!!!

How about Arrayit Corporation (ARYC.OB)? I just heard about them today, researched a bit, but wondering if anybody is aware of these guys?

 

[Azurik]

May $ 60 Call. Quite a gamble, isn't it? But since OPEX is 3 weeks away and the momentum for DNDN is still there, I am expecting a good gain out of it.

I think that's a risky play, my friend, but good luck

I sold off my options and am just holding shares at the moment. OPEX is 3 weeks out, but maximum pain is at $50 - I wouldn't be surprised if the MMs try to temporarily bring this thing down to that level beforehand.

My plan is to inject more capital into shares if that does happen. If it doesn't... well, I don't think I complain at all and you would make good money on those options.

Again though, it's a risky play - you're playing against max pain. Keep an eye on the stock once volume tapers off to average levels.

 

[HopJokey]

That's possible, but KERX is too early in its stages. Show me Phase III data!!!

Agreed. I think data for any of the P3 trials won't be available until the end of the year at the earliest? Someone correct me if I'm wrong.

 

[dohdoh]

I'm up $6k on KERX and not sure what to do lol.. If any of these drugs don't get approved, do stocks like these crash and burn considering that it has more than 1 drug in pipeline?

 

[HopJokey]

I'm up $6k on KERX and not sure what to do lol.. If any of these drugs don't get approved, do stocks like these crash and burn considering that it has more than 1 drug in pipeline?

Right now it's up on pure momo due to DNDN getting approved with KERX's 3 phase 3 drug pipeline and grants.

It could definitely crash and burn, but with the risk comes a huge payout if you hold all the way through and it turns out good.

Without knowing the specifics of your situation, if you have big money involved I would probably hedge with puts for insurance or take some shares off the table.

Edit: Doh, I thought you were up $6/share not $6k. Nevertheless take some off the table if you feel uncomfortable. Otherwise ride it out if you are feeling lucky.

 

[PeeluckyDuckee]

dndn may fall back near term but I would hold it til the end. Anyone here have a position in nvax? I held both yrcw and gnvc for 20% gains before I rid of them. yrcw doubled since I sold and gnvc crashed hard. in the end if u don't feel comfortable there's nothing wrong with taking profits

 

[VinylxScratches]

What do people think about KERX?

 

[HopJokey]

What do people think about KERX?

From the homework I've done it's up on virtually no public news. It's a momo play right now; many people believe it to be "the next DNDN" with it's 3 phase III Oncology related drugs. Any trial results isn't supposed to be released until mid-late 2011.

I'm watching it very carefully, but still on the sidelines.

 

[her209]

Jesus, what happened to the market today?

 

[Ricochet]

11k is quite the hurdle.

 

[HopJokey]

Jesus, what happened to the market today?

Greece?

 

[Ricochet]

Greece?

Taking up the butt?

 

[Cal166]

I brought 200 Shares of KERX @$1.16 last year for a spec play. Turned out pretty good which will probably hold for long term.

 

[Azurik]

Jesus, what happened to the market today?

Greece, EU carry-over weakness, market overbought and due for a consolidation/correction. The US dollar has considerable strength too which makes stocks less attractive.

The market is up like 10% already this year, it's due to go down at some point.

 

[FelixDeCat]

Yes, Ive said the market has had a lot of gains to consolidate. The question is, will the selling abate or continue.

Friday -200 buy LVS 25 call
Mon +175 buy LVS 25 put, sell 25 call
Tues -250 sell LVS 25 put, buy LVS 25 call????

Wed .... market recovers or continues selloff? :hmm:

edit: I picked up the LVS May 25 call for 1.12, hoping for the up/down trend to continue. I will dump and buy a put if the market goes up too much.

edit #2: On Monday night when the market rallied, I skipped the LVS 25 put for 1.20. On Tuesday it was worth 2.38 !! A 100%+ overnight return, DOH!!!

 

[HopJokey]

Anyone in/following ITMN? It had a GNVC like drop in after hours after the FDA denied their cornerstone product:

http://finance.yahoo.com/q?s=itmn

 

[JS80]

Anyone in/following ITMN? It had a GNVC like drop in after hours after the FDA denied their cornerstone product:

http://finance.yahoo.com/q?s=itmn

holy crap talk about punish

 

[PeeluckyDuckee]

that is quite a beating holy crap.

NVAX held up well in today's down market, looks like 2.70-2.80 is very reliable support area. Volume is too low and gets thrown around quite easily though. Hopefully BARDA and India news will send it up to $3+ and keep it there.

 

[Azurik]

Anyone in/following ITMN? It had a GNVC like drop in after hours after the FDA denied their cornerstone product:

http://finance.yahoo.com/q?s=itmn

That's the risk in bio plays. Everyone is trying to find the new DNDN.

The reality is, for every DNDN fairytale, there's 1,000 other ambitious bio-companies that will fail.

Looks like DNDN will cover that second gap jump and trend closer to it's max pain. I have a couple buy orders set up at different price points (roughly at $47, $48.50 and $50).