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re: Monthly Stock Market Thoughts/Plays - May

Posted on 5/2/17 at 10:12 am to
Posted by John McClane
Member since Apr 2010
36692 posts
Posted on 5/2/17 at 10:12 am to
You and me both
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 5/2/17 at 11:01 am to
AUPH
Posted by bayoubengals88
LA
Member since Sep 2007
18924 posts
Posted on 5/2/17 at 11:15 am to
quote:

AUPH
That was your traders and shorts coming in for a conference hoping to ear some wild arse news. This is a fundamental company. The drug IS the news. No Merck deal or any of that shite.

So it's gonna go back to $6.98
Lame.

Buy and hold like Robert Duggan did. That's what people should be looking for. Not a damn partnership.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 5/2/17 at 11:23 am to
I mean. If you're not starting to question the science at this point... im not sure what to say...This thing has not held a gain in months?

My sneaky suspicion says the drug works but not long term

I'll continue to play it because it's been good to me
Posted by bayoubengals88
LA
Member since Sep 2007
18924 posts
Posted on 5/2/17 at 11:44 am to
quote:

I mean. If you're not starting to question the science at this point... im not sure what to say...This thing has not held a gain in months?

Why would anyone question the science? What has changed? They haven't even started phase III yet. Nothing but great results so far. People just don't want to wait. Therefore, it continues to stay within the trading range, and it probably will continue for a long time.
Posted by John McClane
Member since Apr 2010
36692 posts
Posted on 5/2/17 at 12:13 pm to
dammit. I had an alert to buy at 7.15 but was in a meeting.
Posted by bayoubengals88
LA
Member since Sep 2007
18924 posts
Posted on 5/2/17 at 12:53 pm to
quote:

My sneaky suspicion says the drug works but not long term

100% of patients in remission at 24 weeks stayed in remission at 48 weeks.

What about the share price would make me question the science? We've seen the data. It's great.
Moreover, I like this share price. There's a beautiful steady uptrend over the past 4 weeks since $6.59 bottom.
This post was edited on 5/2/17 at 1:12 pm
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 5/2/17 at 2:25 pm to
The word imminent phase 3 is mostly what I'm questioning

Do they subjects to test for phase 3?
How many?
When will it start?
A month? A year?

All significant trading questions not being answered

Posted by bayoubengals88
LA
Member since Sep 2007
18924 posts
Posted on 5/2/17 at 2:35 pm to
quote:

Do they subjects to test for phase 3?
How many?

They just wrapped up phase II a month ago!
quote:

The Phase 3 AURORA trial will be a global 52-week double-blind, placebo controlled study of roughly 320 patients.

It's across three continents. That's gonna take a while. Glickman spoke about this today.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 5/2/17 at 2:39 pm to
Oh right so none of the questions are answered

Hence the stock price. Gotcha

Posted by bayoubengals88
LA
Member since Sep 2007
18924 posts
Posted on 5/2/17 at 2:59 pm to
The initiation of Phase III should do NOTHING for the stock price. Maybe a small bump.
It's not at $7 because investors are uncertain about the beginning of P3.
It's at 7 because they're uncertain about the END of P3.

And for this investor, there's nothing wrong with $7 right now.
Posted by ynlvr
Rocket City
Member since Feb 2009
4591 posts
Posted on 5/2/17 at 7:12 pm to
quote:

In a sentence, why are you long OCLR?

Because I am stupid! Wrong end of that trade. Should have taken the easy money yesterday when I was up 50% on options in two days. Now I'm out maybe 100%. We'll see in the morning.
Posted by jerryc436
Franklin
Member since Jan 2014
517 posts
Posted on 5/2/17 at 7:20 pm to
Bought AMD at 10.80. Guess I will hold for a while.
Posted by bayoubengals88
LA
Member since Sep 2007
18924 posts
Posted on 5/2/17 at 8:29 pm to
quote:

Because I am stupid! Wrong end of that trade. Should have taken the easy money yesterday when I was up 50% on options in two days. Now I'm out maybe 100%. We'll see in the morning.

Posted by bayoubengals88
LA
Member since Sep 2007
18924 posts
Posted on 5/2/17 at 8:30 pm to
quote:

Bought AMD at 10.80. Guess I will hold for a while.

Average down at 8.75 if you can.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 5/3/17 at 7:03 am to
quote:

Bought AMD at 10.80. Guess I will hold for a while.


ya that was a day trade for me. gl to you.

im looking for another entry today
This post was edited on 5/3/17 at 7:25 am
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 5/3/17 at 11:55 am to
anyone playing JNUG/JDST for the FOMC meeting today?
Posted by Mouthulcer
Metairie
Member since Feb 2015
639 posts
Posted on 5/3/17 at 12:38 pm to
Did anyone play with FNBC today? It shot up 135%. I bought 2000 shares at .17 and sold at .24 in 1 hour. It opened at .1102 and had a high of .2595. Wish I would have traded way more than that.
This post was edited on 5/3/17 at 12:41 pm
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 5/3/17 at 12:56 pm to
no, i missed FNBC today. by the time i saw it, i was only in a position to chase. nice call

JNUG is now 17.44 - - i alerted at 16.50 --im out
This post was edited on 5/3/17 at 1:02 pm
Posted by Old Money
Member since Sep 2012
36372 posts
Posted on 5/3/17 at 9:39 pm to
I used to day trade jnug before the uncertainty arose 2 weeks back

RIP gains
This post was edited on 5/3/17 at 9:40 pm
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