Stocks

[moshe05]

BBIO - BridgeBio Pharma Inc
New drug up for approval on Nov 29.
It's for cardiac ameloid. There is already a drug for that, and this one will compete with it. It decreases mortality and hospitalization. It will have a market.
It's very likely to be approved. The FDA is even forgoing the step of getting an advisory counsel.


The stock price has been falling lately, so something is up with the company.  But there's another company poised to give BBIO $500M if the drug is approved. I guess to partner in manufacturing it.

It officially got approval by the FDA

[ckmk47]

It officially got approval by the FDA

YAY!
Now to make money.
The stock will probably have a sharp rise at the opening tomorrow. That's when I've sold out previously.
OTOH, sometimes the stock rises for a bit.
But I'll probably sell out at market open tomorrow. 


Good luck!

[gozalim]

YAY!
Now to make money.
The stock will probably have a sharp rise at the opening tomorrow. That's when I've sold out previously.
OTOH, sometimes the stock rises for a bit.
But I'll probably sell out at market open tomorrow. 


Good luck!

pre-set a "market" order? Trailing stop?

[dealmaster]

YAY!
Now to make money.
The stock will probably have a sharp rise at the opening tomorrow. That's when I've sold out previously.
OTOH, sometimes the stock rises for a bit.
But I'll probably sell out at market open tomorrow. 


Good luck!

thank you for taking the time to share these ideas with us. We really appreciate it!

[ckmk47]

pre-set a "market" order? Trailing stop?

A market order to execute on opening might work.
I think the price will change too quickly for a trailing stop. But IDK.

[sguitarist18]

Hm. Schwab isn't letting me put in a market order, since trading is currently halted. Any suggestions?

[ckmk47]

Hm. Schwab isn't letting me put in a market order, since trading is currently halted. Any suggestions?

Mine allows, but warns that the price may change.

[sguitarist18]

What happens if I put in a limit order for, say, $25, and the price jumps to $30 at opening?

[ckmk47]

What happens if I put in a limit order for, say, $25, and the price jumps to $30 at opening?

You get more than your limit.

[gozalim]

For BBIO so far I bough the stock  because options are expensive.  The idea is to sell during the pop after the approval.

anyone go the options route this time?
The play mostly the same, sell at open?

[aron1]

never mind i see its not trading yet...

[Essen est zich]

Sold
I only put in $100....
Total return      +$31.05 (+31.05%)

[imayid2]

Can’t decide if I should sell out or wait a bit. Sell half?

[imayid2]

Can’t decide if I should sell out or wait a bit. Sell half?

I bought 78 shares at 22 and change. Sold half, put a stop order at $27 and will wait it out a bit to see if the upswing continues.

Thank you @ckmk47 !

[yos9694]

BBIO - BridgeBio Pharma Inc
New drug up for approval on Nov 29.
It's for cardiac ameloid. There is already a drug for that, and this one will compete with it. It decreases mortality and hospitalization. It will have a market.
It's very likely to be approved. The FDA is even forgoing the step of getting an advisory counsel.


The stock price has been falling lately, so something is up with the company.  But there's another company poised to give BBIO $500M if the drug is approved. I guess to partner in manufacturing it.

Thank you once again for sharing your valuable information!

[sguitarist18]

Perfect - actually ended up putting in a limit order for $30, which got triggered when it briefly went over 30 this morning.

Much appreciated!

[RL366]

Any recommendations which Options traders to follow ?

[whacked1]

BBIO - BridgeBio Pharma Inc
New drug up for approval on Nov 29.
It's for cardiac ameloid. There is already a drug for that, and this one will compete with it. It decreases mortality and hospitalization. It will have a market.
It's very likely to be approved. The FDA is even forgoing the step of getting an advisory counsel.


The stock price has been falling lately, so something is up with the company.  But there's another company poised to give BBIO $500M if the drug is approved. I guess to partner in manufacturing it.

Thanks!

[ckmk47]

I'm excited to make money on this.
Glad others did too.

[whacked1]

I'm excited to make money on this.
Glad others did too.

keep these coming! 5/6 a week, and we'll be good.