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OCGN-ocugen maker of Covaxin another Covid vaccine

Posted on 2/5/21 at 3:50 pm
Posted by L S Usetheforce
Member since Jun 2004
22769 posts
Posted on 2/5/21 at 3:50 pm
Got in this AM on a tip from a pharmacist that they had good results on a traditional vaccine(not mrna) for Covid. They are are in phase III of an EUA FDA trial and it has been used in third world countries with success.

quote:

“Compared to COVID-19 vaccines currently authorized under EUA, COVAXIN could induce more broad immunity targeting multiple viral proteins, potentially resulting in better protection against emerging mutant viruses, such as the UK and South African variants,” the 5-star analyst noted. “Additionally, COVAXIN only requires a standard vaccine storage temperature, compared to the more stringent storage requirements for the mRNA vaccines.”

The vaccine, therefore, “could strengthen the arsenal to fight against the pandemic.”

Ocugen is already in talks with the FDA and the Biomedical Advanced Research and Development Authority (BARDA) to map out the path forward to “a successful EUA.”


Yahoo article

2500 shares @ 3.50.

FDA emergency approval early march.

Could mimick other vaccine makers and be a ten bagger.

LINK
This post was edited on 2/5/21 at 3:54 pm
Posted by Shreveporter
In the new nap pods
Member since Jan 2011
1337 posts
Posted on 2/5/21 at 5:33 pm to
Moving up after hours. Your pharmacist must be talking to everyone!
Posted by L S Usetheforce
Member since Jun 2004
22769 posts
Posted on 2/5/21 at 6:17 pm to
The press release came around 1:30.....nice bag today. Sold half at 8...... holding the other 1500 for what happens Monday.
This post was edited on 2/5/21 at 6:18 pm
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 2/5/21 at 6:50 pm to
After reading your thread and marveling at the runup of OCGN today, I googled any news about it.

I promise I'm not trying to pooh-pooh on your stock tip but if you haven't seen this article, you might want to read it.

January 22, 2021

Some highlights...
quote:

The problem is this is a very risky partnership deal. This may have a depressing effect on OCGN stock in the near future.

For one, even though Bharat Biotech has a proposed vaccine for Covid-19, there is no data on its effectiveness.
quote:

Moreover, on Jan. 19, Bharat Biotech issued a warning about its Covid-19 vaccine. According to Seeking Alpha, the company said that people with weaker immunity and other medical conditions should consult a doctor before getting the shot. In addition, they said if possible avoid the vaccine.
quote:

The problem is that the collaboration announcement on Dec. 22 with Bharat Biotech does not indicate that there has been any Phase 3 clinical trial results.

But the only information about the vaccine’s effectiveness is that there was a Phase 3 clinical trial in India involving 26,000 volunteers. That was as of Dec. 22. Since then the company has not stated how effective the vaccine has been.
quote:

This is a highly speculative stock and a highly risky situation. No one in their right mind would put any serious money behind OCGN stock as an investment.
Posted by TDFreak
Dodge Charger Aficionado
Member since Dec 2009
7371 posts
Posted on 2/5/21 at 9:07 pm to
quote:

L S Usetheforce

quote:

Got in this AM on a tip

quote:

Posted on 2/5/21 at 3:50 pm


Posted by L S Usetheforce
Member since Jun 2004
22769 posts
Posted on 2/6/21 at 6:46 am to


If you think I was going to drop a Twinkie eating pharmacist stock tip at 7:30 am....I’d have been laughed at. Hadnt done much DD but noticed it had news breaking and heavy short interest. It started to run around 2 and I was sleeping a patient.

I should have posted when it hit 5. It still is heavy short interest with 71% of the volume on 2/5 being short volume.
This post was edited on 2/6/21 at 6:47 am
Posted by PropofoLSU
Irwin, Idaho
Member since Aug 2013
543 posts
Posted on 2/6/21 at 6:51 am to
Looks like a short squeeze if Russians info is correct. Looks like a ten bagger if forces is.

Welcome to the stock market
This post was edited on 2/6/21 at 6:53 am
Posted by L S Usetheforce
Member since Jun 2004
22769 posts
Posted on 2/6/21 at 6:55 am to
quote:

Maybe some people have a small portion of their portfolio for speculative plays like this. But frankly, if it was more than 1% of your overall portfolio it would not really be worth it.


I like that part of Russians article better
Posted by slacker00
Member since Mar 2011
588 posts
Posted on 2/6/21 at 7:58 am to
Good play.

A little looking into Ocugen and they have a bunch of failed drugs so the company itself didn't look that great at first glance. Covaxin isn't their drug; it is a drug by an Indian company, Bharat Biotech, as LSURussian's article said.

Ocugen is trying to bring it to the US. There have been no trials in the US and they would have to run new trials IF and when the results of the trials in India look good. Currently, the only Phase II and III trials have been in India and they don't look done yet.
Posted by Auburn1968
NYC
Member since Mar 2019
19528 posts
Posted on 2/6/21 at 8:31 am to
Wish I'd rolled the dice last Wednesday or so.

Posted by L S Usetheforce
Member since Jun 2004
22769 posts
Posted on 2/8/21 at 10:56 am to
Need advice Money talk. Massive volume and we about to break 16. When do I sell....this is the hardest part
Posted by TrouserTrout
Member since Nov 2017
6425 posts
Posted on 2/8/21 at 10:59 am to
How the hell did I miss this thread.
Posted by slacker00
Member since Mar 2011
588 posts
Posted on 2/8/21 at 11:03 am to
Selling small lots to lock in some gains and try to bracket the top. Assuming you plan to be out of it today. Picking the top is pretty difficult.
Posted by S1C EM
Athens, GA
Member since Nov 2007
11585 posts
Posted on 2/8/21 at 11:05 am to
quote:

How the hell did I miss this thread.


Me too.

Kinda looks like this may not be the Holy Grail of covid vaccines, though. If you're wanting to get a non-mRNA shot, Johnson & Johnson will be the first out of the gate it appears. This one doesn't look likely to ever get any sort of EUA here if that article linked above is correct.
Posted by L S Usetheforce
Member since Jun 2004
22769 posts
Posted on 2/8/21 at 11:06 am to
I already sold my initial 1000 for 100% profit. I'm riding on house money. Set a trigger for 400 at 18.50
Posted by MintBerry Crunch
Member since Nov 2010
4856 posts
Posted on 2/8/21 at 3:38 pm to
quote:

When do I sell....this is the hardest part


Now. You've 5xed your money.
Posted by L S Usetheforce
Member since Jun 2004
22769 posts
Posted on 2/8/21 at 3:51 pm to
Yeah I sold at 15.50....was a good run. My 18.50 trigger was perfect for 400. I didn't catch the peak but I didn't hold after that hard dip
This post was edited on 2/8/21 at 3:52 pm
Posted by cbtullis
Atlanta
Member since Apr 2004
6258 posts
Posted on 2/8/21 at 5:02 pm to
Once in a life time luck for me in this stock
Bought 9900 shares in December at .31
Posted by L S Usetheforce
Member since Jun 2004
22769 posts
Posted on 2/8/21 at 5:28 pm to
nice
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