Author Topic: Stocks  (Read 1076035 times)

Offline yos9694

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Re: Stocks
« Reply #7560 on: May 02, 2023, 08:02:38 PM »
Where do you see that?

Both nasdaqtrader and nyse show current trading halts

Offline dealmaster

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Re: Stocks
« Reply #7561 on: May 03, 2023, 09:33:42 AM »
It is now frcb and trading at $.38
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Offline sguitarist18

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Re: Stocks
« Reply #7562 on: May 08, 2023, 03:29:17 PM »
Anyone know anything about MCRB? They apparently just got approved for the only pill to treat C. Diff, but stock price doesn't seem to have climbed.


Offline ckmk47

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Re: Stocks
« Reply #7563 on: May 08, 2023, 05:27:14 PM »
Anyone know anything about MCRB? They apparently just got approved for the only pill to treat C. Diff, but stock price doesn't seem to have climbed.
The drug will likely be a hit.
Had earnings announcement right after the FDA approval.

MCRB doesn't have the capacity to produce and distribute the drug.  But they're partnered with *I don't remember*, a larger drug firm.  Or it will be sold.
It's a buy and hold. 

But: there are other companies working on similar drugs, so they may not be the exclusive drug for this for extremely long.
And this is not a short term 'pop' situation.
« Last Edit: May 08, 2023, 05:30:28 PM by ckmk47 »
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Offline sguitarist18

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Re: Stocks
« Reply #7564 on: May 08, 2023, 05:42:55 PM »
They went up a bit since I bought. I only bought about $300, and it's gone up about 10%. Exposure isn't tremendous, so if you think it'll grow over time, I'll hang onto it.

I think they're partnering with Nestle.

Offline dealmaster

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Re: Stocks
« Reply #7565 on: May 08, 2023, 05:46:02 PM »
The drug will likely be a hit.
Had earnings announcement right after the FDA approval.

MCRB doesn't have the capacity to produce and distribute the drug.  But they're partnered with *I don't remember*, a larger drug firm.  Or it will be sold.
It's a buy and hold. 

But: there are other companies working on similar drugs, so they may not be the exclusive drug for this for extremely long.
And this is not a short term 'pop' situation.
First of all, thank you! Second- what do you suppose the general time frame is( you wrote buy and hold, how long)? Thanks again
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Offline ckmk47

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Re: Stocks
« Reply #7566 on: May 14, 2023, 03:51:23 PM »
First of all, thank you! Second- what do you suppose the general time frame is( you wrote buy and hold, how long)? Thanks again
months, many.
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Offline ckmk47

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Re: Stocks
« Reply #7567 on: May 14, 2023, 05:31:28 PM »
This is pure spec.  Play money only.

Intercept Pharmaceuticals ICPT
New drug. FDA committee announcement Wed, 5/17.  Full FDA announcement Fri, 5/19.
In favor of FDA approval:  This drug treats stage 1 HOST (fatty liver caused by being fat not alcoholic).  There is no other treatment for HOST. The reports are decently definitive this time.
But its not a sure thing because: It only treats stage 1, not the more problematic higher stages. This drug has been up before the FDA before and they sent it back for more research.

The company has been very volatile in the last year.  Lower than $12 and higher than $20 on bad earnings and prior FDA non-approval.   

If it's approved it may go up as much as $4.  If not, it may go down as much as $4.
I'm thinking of buying both a call and put for June 16. Then either way I make money: if it swings far enough.

Any other ideas?
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Offline DealJew

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Re: Stocks
« Reply #7568 on: May 14, 2023, 07:53:45 PM »
This is pure spec.  Play money only.

Intercept Pharmaceuticals ICPT
New drug. FDA committee announcement Wed, 5/17.  Full FDA announcement Fri, 5/19.
In favor of FDA approval:  This drug treats stage 1 HOST (fatty liver caused by being fat not alcoholic).  There is no other treatment for HOST. The reports are decently definitive this time.
But its not a sure thing because: It only treats stage 1, not the more problematic higher stages. This drug has been up before the FDA before and they sent it back for more research.

The company has been very volatile in the last year.  Lower than $12 and higher than $20 on bad earnings and prior FDA non-approval.   

If it's approved it may go up as much as $4.  If not, it may go down as much as $4.
I'm thinking of buying both a call and put for June 16. Then either way I make money: if it swings far enough.

Any other ideas?
Are you confident in a swing in either way?
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Offline ExGingi

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Re: Stocks
« Reply #7569 on: May 14, 2023, 08:01:35 PM »
Are you confident in a swing in either way?

What difference does it make?

Are you going to take action based on the confidence level of a poster on an anonymous forum?

And if that person would be confident, what does that mean? Does that person control the way the market will react? Does anyone know?

You were given information, do your own research and make your own decisions. Poster said what they consider as a strategy. If it were guaranteed to make money they would put huge sums into it. I am sure that is not the case. It is speculation, even if it is based on some information and hunches.
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Offline ckmk47

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Re: Stocks
« Reply #7570 on: May 14, 2023, 09:05:57 PM »
Are you confident in a swing in either way?
Taking into account what ExGingi said.
It's now about $16. In the last year it's swung $4 higher and lower than that.  That's why I'm guessing it may swing that much.
I'm also asking for a strategy to make money off that guess.
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Offline joeberg

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Re: Stocks
« Reply #7571 on: May 14, 2023, 09:24:41 PM »
It's called a strangle. It would cost you approximately 1.25-1.75 for the May 19 expiration.

Offline ckmk47

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Re: Stocks
« Reply #7572 on: May 14, 2023, 11:37:01 PM »
It's called a strangle. It would cost you approximately 1.25-1.75 for the May 19 expiration.
Thank you.
May 19 is too early.  The announcement will be that day.  Too early for the stock to move in time for the option.  So it has to be June 16,
I was thinking of what I now know is a straddle. It may cost 3.55, so I only  make money if
1) it moves $4 or more in either direction.
2) I catch it at the height of the big move.

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Offline madhocker

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Re: Stocks
« Reply #7573 on: May 15, 2023, 08:44:11 AM »
Another option would be to purchase the stock outright, and buy protective puts to protect against any downward movement.

Offline ckmk47

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Re: Stocks
« Reply #7574 on: May 15, 2023, 10:05:06 AM »
Another option would be to purchase the stock outright, and buy protective puts to protect against any downward movement.
This only protects from downward movement.  Doesn't let me take advantage of it. this stock may swing either way.  Depends on the news.
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Offline madhocker

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Re: Stocks
« Reply #7575 on: May 15, 2023, 02:14:55 PM »
This only protects from downward movement.  Doesn't let me take advantage of it. this stock may swing either way.  Depends on the news.
Trying to take advantage of price movements in both directions is risky business... If you were to buy the straddle for 3.55 you would need the stock to move close to 20% in either direction to be profitable. Not saying it wont, but understand the risk.

If you do decide to go for a straddle, I would recommend waiting closer to the event date to purchase. The stock may move the 20% on the news, but you may not be at the right strike price anymore...

Offline ckmk47

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Re: Stocks
« Reply #7576 on: May 17, 2023, 09:36:09 AM »
This is pure spec.  Play money only.

Intercept Pharmaceuticals ICPT
New drug. FDA committee announcement Wed, 5/17.  Full FDA announcement Fri, 5/19.
In favor of FDA approval:  This drug treats stage 1 HOST (fatty liver caused by being fat not alcoholic).  There is no other treatment for HOST. The reports are decently definitive this time.
But its not a sure thing because: It only treats stage 1, not the more problematic higher stages. This drug has been up before the FDA before and they sent it back for more research.

The company has been very volatile in the last year.  Lower than $12 and higher than $20 on bad earnings and prior FDA non-approval.   

If it's approved it may go up as much as $4.  If not, it may go down as much as $4.
I'm thinking of buying both a call and put for June 16. Then either way I make money: if it swings far enough.

Any other ideas?
The FDA committee highlighted the liver toxicity of the drug.
Down below $12 this morning.
My favorite cause: cssy.org

Offline yos9694

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Re: Stocks
« Reply #7577 on: May 17, 2023, 09:38:17 AM »
The FDA committee highlighted the liver toxicity of the drug.
Down below $12 this morning.

Good call. Didn't join you this time just following

Offline ckmk47

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Re: Stocks
« Reply #7578 on: May 17, 2023, 04:21:07 PM »
The FDA committee highlighted the liver toxicity of the drug.
Down below $12 this morning.
It closed at $13.83. 
My doctor friend reads the FDA committee report differently than the crowd. He thinks that despite the liver toxicity it WILL be approved by the FDA on Friday. 
Same rule: play money.  But now that it went down and recovered a bit, tomorrow might be a day to chance a buy. 
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Offline yos9694

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Re: Stocks
« Reply #7579 on: May 17, 2023, 07:09:25 PM »
It closed at $13.83. 
My doctor friend reads the FDA committee report differently than the crowd. He thinks that despite the liver toxicity it WILL be approved by the FDA on Friday. 
Same rule: play money.  But now that it went down and recovered a bit, tomorrow might be a day to chance a buy.

Sold your put and held your call?