re: AUPH - Aurinia Pharmaceuticals

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I can see the FDA shafting Aurinia to help out the product from the much larger GSK firm...

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Not only would that be criminal. It would be evil. AUPH has the better drug.

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for a second there I was worried the federal government and big pharma might do something unethical

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Edit:

Yeah what gives?? Down $6500 on my options now. Debating if I should just cut my losses.

April. $15 strike

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April. $15 strike

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BIG orders in after the bell today...

frick it I'm selling a put tomorrow @1.83 for Jan 15.

Even if I get hit as long as it doesn't go below 12 I'll still be able to make a little even if it exercises.

I doubt it stays here though as fda rumors build

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Three weeks (at most) to go

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I'm getting excited.

I'm torn on my ideal scenario. I guess st this point it would be price to dip below 14 on the 15th. Add 100 shares and then fda approval following week. Should only move my cost basis up around $10.

Otherwise I guess it's take the premium and then ride up on my remaining shares.

Or worst scenario it's announced today thst fda rejects and I'm about to buy 1400 worth of garbage.

I held a lot of shares at ~$7 during the last big jump. Sold around ~$18. Holding 900 shares at at $12.93 now. Can’t decide if I want to buy more or just stick with my current amount.

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The price action just seems pretty strange for something that is universally believed to get approval any day now

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Never forget the fall of 2019.

From steady $6 for two years to $3 to $20 by end of year.

strange price action comes with the territory when there's money to be made.