SRNE

Swooped a few myself this morning as well..

Seems like a company with a product you can genuinely get behind

been in since mid 2's, waiting to see about the buyout offers

In (small) at $3.43 with plans to monitor and hopefully add more with future buying opportunities.

Did good on AUPH. 88

What does this company have pending that will make it profitable? Why is there talk of a buyout?

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I don't have much experience and shouldn't be allowed access to options (thanks Robinhood). But if you want to have a $3 cost basis couldn't you write a $4 put for ~$1.00 and plan on getting assigned?

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You could. $1.10 is about where the March 2020 $4 puts are trading (the midpoint - insane spreads on the options). Or... you could write a put at the 2.50 strike and collect about .52. If I had an interest in this stock and wanted to use a simple options strategy, I’d do a cash covered put as described. That is, unless you have a reason for wanting to own it sooner than March of next year, assuming it even gets down to 2.50 by then. If not, you made $50 per contract sold - rinse & repeat. If it does, your cost basis is now $2.00/share +/-.

Bought a bunch at 3.44, let’s ride

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Sorrento Therapeutics Inc (SRNE) stock is higher by 31.16% over the last 12 months, and the average rating from Wall Street analysts is a Strong Buy. InvestorsObserver’s proprietary scoring system, gives SRNE stock a score of 64 out of a possible 100.

That score is chiefly influenced by a fundamental score of 85. In addition to the average rating from Wall Street analysts, SRNE stock has a mean target price of 25.5. This means analysts expect the stock to add 565.80% over the next 12 months. SRNE’s score also includes a short-term technical score of 58. The long-term technical score for SRNE is 50.

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interesting

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Question for 88. If you had new money to invest in either AUPH or SRNE which would you invest in today?

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I just don't know enought about about SRNE yet. I've only liked what I've read so far. I've followed AUPH for three years so I'm more comfortable with it.

It is as derisked at it has ever been, and I invested pretty heavily (for me prior and after phase 2 results).

I made an order last night to sell my T today to buy more AUPH. (up like 40% in a small T position that's not likely to go much higher any time soon).

I sold mine at 4.01. Up $660 in two days. Will try to buy more under 3.50. Love the way Auph is running up. It is by far my most profitable investment ever. In at 4.97. Planning to see half at 20.00.

purchased a thousand shares yesterday 3.88....up 10% today...watching this one closely