Stocks

[ckmk47]

Sold your put and held your call?

yup.
And my son bought in late in the day when we heard our friend's analysis.

[Yakov15]

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.

Around what time is the FDA meeting? After hours?

[ckmk47]

Around what time is the FDA meeting? After hours?

I expect after hours.
So Monday will be the day of reckoning. 

[Barryg]

Around what time is the FDA meeting? After hours?

and… it’s halted

[ckmk47]

and… it’s halted

They seem to do that with these small companies when there's an announcement coming.
It's like the drumroll....

[madhocker]

yup.
And my son bought in late in the day when we heard our friend's analysis.

I hedged my bet by purchasing the 12.50 june straddle before the close yesterday. Cost me 3.75 per contract. To make any money, stock has to move +/- 3.75 from 12.50 strike price any time before June 16
Like you said, play money only.... bought 10 contracts
Best of luck to all...

[ckmk47]

The drug wasn't approved!
I was beginning to count on an approval. 
Lets see how bad the dip is on Monday.

[YitzyS]

The drug wasn't approved!
I was beginning to count on an approval. 
Lets see how bad the dip is on Monday.

Is there any other value to the company? Do they have other drugs?

[sguitarist18]

The drug wasn't approved!
I was beginning to count on an approval. 
Lets see how bad the dip is on Monday.

Do you plan on selling no matter what?

[ckmk47]

Do you plan on selling no matter what?

I'll sell the puts at a profit.
The calls I'll hold for a bit waiting for the inevitable rebound from Monday's drop. Maybe I can break closer to even.

Is there any other value to the company? Do they have other drugs?

 
The company has nothing coming soon.  No need to hold it at this point.

[sguitarist18]

Got out ~$11.

[dealmaster]

Is the drop below $10 to severe (over reaction) or with nothing in the pipeline a true reflection of its value? (In other words is it worth buying now for the correction back to fair value (based on above about $12) or is this the fair price)

[ckmk47]

It will probably rise as people realize this was an extreme reaction.  But this company has nothing else doing right now.
I'm hoping for a bit of a rise so my calls aren't totally worthless.

[dealmaster]

It will probably rise as people realize this was an extreme reaction.  But this company has nothing else doing right now.
I'm hoping for a bit of a rise so my calls aren't totally worthless.

thanks. I think I speak for everyone when I say it is very nice of you to share your ideas with us. I lost this time 😔 but have scored some in the past, so thanks again.

[sguitarist18]

thanks. I think I speak for everyone when I say it is very nice of you to share your ideas with us. I lost this time 😔 but have scored some in the past, so thanks again.

+1

We know you're not guaranteeing anything, and I appreciate your taking the time and effort to post.

[ckmk47]

You're welcome. 

[Abey]

Congrats to anyone holding $NVDA

[madhocker]

Congrats to anyone holding $NVDA

Up around 26% in AH. I don't know if you will be able to get in at a decent level tomorrow on this one

I would look at other AI plays tomorrow that may see some sympathy momentum. Personally I like PLTR and picked some up AH today in the high 12's. May play some call options tomorrow at the open

[MoYS]

Congrats to anyone holding $NVDA

I have been on for a while now, BH got a nice return.
I am curious for any insight (yes, I realize this is a public forum) into continued growth as its about to reach its previous highs.

[Abey]

I have been on for a while now, BH got a nice return.
I am curious for any insight (yes, I realize this is a public forum) into continued growth as its about to reach its previous highs.

Something that is going up will continue to go up unless something changes (newton’s law) yes there might be a temp pullback due to people taking their gains but it will likely continue in the direction it’s going unless it’s target market changes. My 2 cents