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Sorrento Therapeutics SRNE

Posted on 5/15/20 at 9:05 am
Posted by bass
Member since Oct 2016
3856 posts
Posted on 5/15/20 at 9:05 am
quote:

Therapeutics company Sorrento has made what it believes cold be a breakthrough in potential treatment of SARS-CoV-2, the virus that leads to COVID-19. The company released details its preclinical research on Friday, announcing that it has found an antibody that provides “100% inhibition of SARS-CoV-2 virus infection of healthy cells after four days incubation.”


Anyone in on this? I bought 900 at $3.89
Stop loss in effect.
Posted by ColesCreek
SW MS
Member since Apr 2011
378 posts
Posted on 5/15/20 at 9:33 am to
Jumped in at $4. Maybe it’ll make a run
Posted by juice4lsu
Member since Dec 2007
3695 posts
Posted on 5/15/20 at 9:39 am to
I have quite a few shares with average cost at $2.42. I plan to hold long term, but may take a bit of profits.
Posted by CajunTiger78
Member since Aug 2017
2528 posts
Posted on 5/15/20 at 9:43 am to
Just bought a few shares and of course it drops immediately afterwards...LOL
Posted by Boh
Baton Rouge
Member since Oct 2009
12357 posts
Posted on 5/15/20 at 9:44 am to
Don't worry king, if you believe in it keep buying
Posted by bass
Member since Oct 2016
3856 posts
Posted on 5/15/20 at 9:45 am to
Upped my position so I’m in a little over $4 now. Fingers crossed
Posted by Hazelnut
Member since May 2011
16433 posts
Posted on 5/15/20 at 9:48 am to
I feel like I'm late to this with today's surge. So I only bought like 30 shares. I'm going to watch it closely though.

I'll probably buy more if I like what I see after more research. I just wanted to get SOME in case it continues to soar today/the next few days
This post was edited on 5/15/20 at 9:49 am
Posted by Drew Orleans
Member since Mar 2010
21577 posts
Posted on 5/15/20 at 9:50 am to
In several months ago at 1.88.
Posted by bayoubengals88
LA
Member since Sep 2007
18916 posts
Posted on 5/15/20 at 9:57 am to
quote:

Stop loss in effect.


Big movers will gobble this up if they want to and the joke will be on you.

If you like it buy more when it’s lower. Don’t sell it.
If you don’t like it that much you shouldn’t have bought it.
This post was edited on 5/15/20 at 10:06 am
Posted by bass
Member since Oct 2016
3856 posts
Posted on 5/15/20 at 10:03 am to
That’s a great strategy and I don’t disagree with you.

I’m just throwing a dart here and hoping it sticks, if it doesn’t I likely won’t buy again. I know nothing about the company.
Posted by bayoubengals88
LA
Member since Sep 2007
18916 posts
Posted on 5/15/20 at 10:06 am to
Fair enough. We all do it from time to time.
Posted by bass
Member since Oct 2016
3856 posts
Posted on 5/15/20 at 10:47 am to
Posted by castorinho
13623 posts
Member since Nov 2010
82025 posts
Posted on 5/15/20 at 10:50 am to
And you see why Bengal made the post he did. If your stop loss was higher than 4.3, you would have sold automatically on the dip and missed out on this jump.
Posted by Boh
Baton Rouge
Member since Oct 2009
12357 posts
Posted on 5/15/20 at 10:58 am to
Up 135% today lol
Posted by bass
Member since Oct 2016
3856 posts
Posted on 5/15/20 at 11:03 am to
Absolutely, I set my loss where I’m taking a comfortable hit, make those big money movers work for my money.
Posted by SeaPickle
Thibodaux
Member since May 2011
3132 posts
Posted on 5/15/20 at 11:12 am to
What are yall expecting the ceiling on this to be? Late to the party but i may jump in for a few dollars
Posted by bass
Member since Oct 2016
3856 posts
Posted on 5/15/20 at 11:14 am to
5 years ago it was around $24, so I’ll set a new stop there if it gets that high.
Posted by Boh
Baton Rouge
Member since Oct 2009
12357 posts
Posted on 5/15/20 at 11:17 am to
quote:

bass

I love you
Posted by cgrand
HAMMOND
Member since Oct 2009
38761 posts
Posted on 5/15/20 at 11:21 am to
sound advice
also, if it’s a 4 dollar stock buying 20 or 50 or even 100 shares is with a stop loss is pointless. You are risking a day like today to protect 400 bucks
Posted by TDFreak
Dodge Charger Aficionado
Member since Dec 2009
7369 posts
Posted on 5/15/20 at 11:21 am to
Thanks for the tip
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