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***Official*** 2010 Stock Market Thread

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STD looks good, but only one thing holding me from getting it is that the media frenzy may start against Spain as Greek deal is clearing out and dropping STD for better entry. What you guys think?
 
everydae said:
STD looks good, but only one thing holding me from getting it is that the media frenzy may start against Spain as Greek deal is clearing out and dropping STD for better entry. What you guys think?
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It's a tough one. I was expecting better reaction to the Greek bailout. That has me concerned so it might be prudent to wait. Or buy in increments.
 
everydae said:
May $ 60 Call. Quite a gamble, isn't it? 🙂 But since OPEX is 3 weeks away and the momentum for DNDN is still there, I am expecting a good gain out of it.
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I think that's a risky play, my friend, but good luck 🙂

I sold off my options and am just holding shares at the moment. OPEX is 3 weeks out, but maximum pain is at $50 - I wouldn't be surprised if the MMs try to temporarily bring this thing down to that level beforehand.

My plan is to inject more capital into shares if that does happen. If it doesn't... well, I don't think I complain at all and you would make good money on those options.

Again though, it's a risky play - you're playing against max pain. Keep an eye on the stock once volume tapers off to average levels.
 
I'm up $6k on KERX and not sure what to do lol.. If any of these drugs don't get approved, do stocks like these crash and burn considering that it has more than 1 drug in pipeline?
 
dohdoh said:
I'm up $6k on KERX and not sure what to do lol.. If any of these drugs don't get approved, do stocks like these crash and burn considering that it has more than 1 drug in pipeline?
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Right now it's up on pure momo due to DNDN getting approved with KERX's 3 phase 3 drug pipeline and grants.

It could definitely crash and burn, but with the risk comes a huge payout if you hold all the way through and it turns out good.

Without knowing the specifics of your situation, if you have big money involved I would probably hedge with puts for insurance or take some shares off the table.

Edit: Doh, I thought you were up $6/share not $6k. Nevertheless take some off the table if you feel uncomfortable. Otherwise ride it out if you are feeling lucky.
 
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dndn may fall back near term but I would hold it til the end. Anyone here have a position in nvax? I held both yrcw and gnvc for 20% gains before I rid of them. yrcw doubled since I sold and gnvc crashed hard. in the end if u don't feel comfortable there's nothing wrong with taking profits
 
VinylxScratches said:
What do people think about KERX?
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From the homework I've done it's up on virtually no public news. It's a momo play right now; many people believe it to be "the next DNDN" with it's 3 phase III Oncology related drugs. Any trial results isn't supposed to be released until mid-late 2011.

I'm watching it very carefully, but still on the sidelines.
 
I brought 200 Shares of KERX @$1.16 last year for a spec play. Turned out pretty good which will probably hold for long term.
 
her209 said:
Jesus, what happened to the market today?
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Greece, EU carry-over weakness, market overbought and due for a consolidation/correction. The US dollar has considerable strength too which makes stocks less attractive.

The market is up like 10% already this year, it's due to go down at some point.
 
Yes, Ive said the market has had a lot of gains to consolidate. The question is, will the selling abate or continue.

Friday -200 buy LVS 25 call
Mon +175 buy LVS 25 put, sell 25 call
Tues -250 sell LVS 25 put, buy LVS 25 call????

Wed .... market recovers or continues selloff? :hmm:

edit: I picked up the LVS May 25 call for 1.12, hoping for the up/down trend to continue. I will dump and buy a put if the market goes up too much.
smileydance.gif


edit #2: On Monday night when the market rallied, I skipped the LVS 25 put for 1.20. On Tuesday it was worth 2.38 !! A 100%+ overnight return, DOH!!!
 
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that is quite a beating holy crap.

NVAX held up well in today's down market, looks like 2.70-2.80 is very reliable support area. Volume is too low and gets thrown around quite easily though. Hopefully BARDA and India news will send it up to $3+ and keep it there.
 
HopJokey said:
Anyone in/following ITMN? It had a GNVC like drop in after hours after the FDA denied their cornerstone product:

http://finance.yahoo.com/q?s=itmn
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That's the risk in bio plays. Everyone is trying to find the new DNDN.

The reality is, for every DNDN fairytale, there's 1,000 other ambitious bio-companies that will fail.

Looks like DNDN will cover that second gap jump and trend closer to it's max pain. I have a couple buy orders set up at different price points (roughly at $47, $48.50 and $50).
 
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