Stocks

[ckmk47]

So should I sell for $24 or hold for tomorrow?

This part I haven’t got down pat yet.
Selling on opening has been my usual game plan. Many times the highest price is about 10-15 minutes after the market opens.  But sometimes the stock rises throughout the day. Sometimes premarket prices match or exceed the ‘best’ price after opening.
But I’m hoping for higher than $24.

[YitzyS]

This part I haven’t got down pat yet.
Selling on opening has been my usual game plan. Many times the highest price is about 10-15 minutes after the market opens.  But sometimes the stock rises throughout the day. Sometimes premarket prices match or exceed the ‘best’ price after opening.
But I’m hoping for higher than $24.

Interesting.

I'm not going to be able to monitor it tomorrow. So I think I'm just going to set it to sell on opening.

[ckmk47]

Interesting.

I'm not going to be able to monitor it tomorrow. So I think I'm just going to set it to sell on opening.

You can put it your order before hand.

[YitzyS]

You can put it your order before hand.

Done.

If I have time in the morning, I'll check the premarket prices and may sell then if I think it's worth it.

[ckmk47]

Search $SWTX on Twitter and you should find some kind of update.

Thanks for this source for stock news.

[cholent]

You can put it your order before hand.

You're setting it to sell at market price at open? Or setting a limit?

[YitzyS]

You're setting it to sell at market price at open? Or setting a limit?

I set it as market open. Should I set a limit?

[ckmk47]

You're setting it to sell at market price at open? Or setting a limit?

market.   I'll check out the price premarket, but I'll let the platform catch the first wave of selling.
But as I said before

This part I haven’t got down pat yet.

[YitzyS]

I set it as market open. Should I set a limit?

I changed my order to a limit order. I don’t like the pre market prices, and I hope it will get higher throughout the day.

[ckmk47]

So sell at open at market wasn't the best price. 
I sold half my shares that way. $23
Sat here watching and put in an order for $24.95.  When it looked like I missed the boat completely, I tried changing it to a more realistic $24.50, but had technical trouble. So it sold at $24.95. Now it's over $25.

[Essen est zich]

Will it go past $26 today?

[yuneeq]

Will it go past $26 today?

Already did

[YitzyS]

I changed my order to a limit order. I don’t like the pre market prices, and I hope it will get higher throughout the day.

So, I changed it to a limit order of $26. Was going to set it back down to $25, but I was in a rush so I left it. They sold at $26 (besides for one share which I held on to.)

Thanks ckmk47, yet again the ride along with you left me feeling smug

[Realshlomo]

Isn't the move on these deals to buy a call?

Why is everyone buying shares?

I'm no maven at all just thinking out loud.

[YitzyS]

Isn't the move on these deals to buy a call?

Why is everyone buying shares?

I'm no maven at all just thinking out loud.

If I knew what "buying a call" was, maybe I would consider doing it... 

[ckmk47]

Isn't the move on these deals to buy a call?

You're right. 
My problem with calls is that you're risking the entire purchase price. If the stock goes down, you're left with nothing.  No 'try again' waiting for the stock to rise. 
I've also had where the call was expensive or didn't do as well as the underlying stock did.
IDK why this time I went with stocks.  I think I forgot about calls.


[Call blurb:  You're paying someone who owns the stock for the right to *buy the stock*  *at a certain price*  *on a certain date*. 
Right now I could pay $1.50 per share of SWTX(sold in bundles of 100 shares called 1 contract) for the right to pay $25 per share on Dec 15.
So if I thought the stock was going to rise in the next 2 1/2 weeks, I'd be paying total $1.50 + $25 + $26.50 per share. If the stock is $30 I've made$3.50 per share. If it goes to $30  any day between now and then, I could sell the option at close to $5/share.  And I'd profit almost $3.50 - before Dec 15.]

[Just A Jew]

[Call blurb:  You're paying someone who owns the stock for the right to *buy the stock*  *at a certain price*  *on a certain date*. 
Right now I could pay $1.50 per share of SWTX(sold in bundles of 100 shares called 1 contract) for the right to pay $25 per share on Dec 15.
So if I thought the stock was going to rise in the next 2 1/2 weeks, I'd be paying total $1.50 + $25 + $26.50 per share. If the stock is $30 I've made$3.50 per share. If it goes to $30  any day between now and then, I could sell the option at close to $5/share.  And I'd profit almost $3.50 - before Dec 15.]

This is accurate, but only a small piece of the options picture. The upside with options is much, much greater.

PS. Thank you @ckmk47 for another good tip.

[Realshlomo]

You're right. 
My problem with calls is that you're risking the entire purchase price. If the stock goes down, you're left with nothing.  No 'try again' waiting for the stock to rise. 
I've also had where the call was expensive or didn't do as well as the underlying stock did.
IDK why this time I went with stocks.  I think I forgot about calls.


[Call blurb:  You're paying someone who owns the stock for the right to *buy the stock*  *at a certain price*  *on a certain date*. 
Right now I could pay $1.50 per share of SWTX(sold in bundles of 100 shares called 1 contract) for the right to pay $25 per share on Dec 15.
So if I thought the stock was going to rise in the next 2 1/2 weeks, I'd be paying total $1.50 + $25 + $26.50 per share. If the stock is $30 I've made$3.50 per share. If it goes to $30  any day between now and then, I could sell the option at close to $5/share.  And I'd profit almost $3.50 - before Dec 15.]

Agreed, though this one the $25 Dec 15th call was cheap at the time of posting.

The worry of buying the shares is a. You need to have the liquidity to buy enough shares to make a difference. And b. If it's drops like a rock owning this company that we know nothing about is not in best interests.

[MiInvstr]

Isn't the move on these deals to buy a call?

Why is everyone buying shares?

I'm no maven at all just thinking out loud.

It’s not always a yes or no answer on the approval. The FDA can make them bring more information to the table. So in that scenario you won’t win with a call even if they end up approving.

[MiInvstr]

Agreed, though this one the $25 Dec 15th call was cheap at the time of posting.

The worry of buying the shares is a. You need to have the liquidity to buy enough shares to make a difference. And b. If it's drops like a rock owning this company that we know nothing about is not in best interests.

True but I’d rather have 80% of my money holding a stock that I know nothing about than my expiring worthless call. Either way it’s all about your confidence and risk appetite.