In case you're looking for something else, my largest short-term September position is ACST.

They're going to announce results of a PH II trial, very similar to an earlier trial that had good results, very reasonable and attainable endpoints. Looking for a low-stress 10% to 20% from here.

Best of luck.

Hang in there, impossible to win on every trade, if not most. Key is to cut losers early, let winners run.

For exits everyone has different parameters, but traditionally -5% is where a lot of folks hit the door and almost everyone will have left by -10%.

AMRN- Well, I have my lower price but now not sure I want any.

Dew, any thoughts on value going forward? TIA.

One of Warren Buffett's favorite themes is that big companies are often driven by big egos, with the idea that doing big deals is sexy. This leads to managers doing stuff for the sake of doing stuff, especially stuff that causes splashy headlines but doesn't do much for shareholder value.

MNGA Lot's of great traders here, so no offense, but I just don't see this one going anywhere special in the near future. Putting out a PR about a test demonstration at a hog farm will not rock the market.

IMHO better places to actively use $$$$.

Dew- Re AMRN, I've been following for quite a while but not yet buying. If it gets as low as the $1.60's I'll probably jump in; if it revisits July's low of $1.50 I definitely would, but I don't see that happening.

Just wondering if you did any averaging-down today?

Don't know, but maybe my imaginary store already exists: K-Mart.

My idea is to combine RadioShack, Sears and JCPenney into one business: JC Sears Shack.

Their motto: all the old-fashioned, out-of-date stuff that you can buy cheaper online now under one roof!

BAA I also lost some on this but fortunately I limited the damages by cutting it loose early.

More importantly, and this might relate to your discussion with Matt yesteday: there was a poster who flooded iHub in general with BAA pumps. He's since moved on to another stock.

Just because someone incessantly posts with cherry-picked statistics (this can be done with any & every stock out there) doesn't mean that the stock is a good investment/trade.

The frequency of posts on a message board--any more than the font--should not be considered a part of reliable DD!

I was just guessing, of course, at my actual percentages, I don't really keep track.

My point is my gut tells me that I miss more often than I hit. It's counter-intuitive, I suppose, but again if you cut your losers quickly and let your winners run, you come out ahead.

Sometimes I think that I must be the only person on iHub who misses on 6 out of 10 trades.

I quickly cut my losses on those, let the other 4 run, the sum total is usually positive.

The difference between playing the stock market and playing the horses is that one of the horses must win. -Joey Adams

Huh? EOM.

Yep, I think that's it.

Still feeling very confident about a pre-announcement run-up. Still feeling very undecided about holding, I've been burnt before.

OT: From my Twitter stream. LOL!

Dear American Friends:

Countries flagged with the #1 source of their imports:

ACST Top-line trial results for their triglyceride-reducing drug are going to be released towards the end of the month. A very similar trial had excellent results, this one should also.

That said, it's always very risky holding small bio's through binary events, and I'm not sure I will with this one. But there should be a run-up.

At $1.03 now, IMHO it's a fairly easy 10%-er from here in the next week or two. I have a large position.

That is a good question and no, I do not know the answer.

Let me know if you can find it.

AMRN- But seriously, I follow it and almost bought in the first part of August (should have!) when price and volume surged. I think that this run-up is all predicated on the hope of positive FDA action.

If that happens, an immediate 50% or more is certainly possible. But if it doesn't, IMHO it's going straight back to the $1.30's. That's a sizable downside in my book.

LOL. I had a similar reaction, actually did a double-take, but figured that Friday happy hour must begin a bit earlier in Massachusetts than it does in Ohio.

ACST As I've said before, I expect a fairly steady run-up to end-of-month top line results. This is not to say that there won't be some ups and downs due to normal trading.

The huge question with this one--as with all biotechs approaching binary events--is whether or not to hold through.

Still undecided on that.

ACST I'm expecting trial results in the last week of this month.

What I especially like about this trigliceride trial is this from the company:

Yep, Acasti is the pharmaceutical subsidiary of Neptune.

I think that both will do well, best of luck.

ACST Still in this one with a very large position at .98. Should have a decent run-up to hypertrigyceride trial results later this month, still undecided if I'm going to hold through results (always risky!).

He is a great catcher, but IMHO Johnny Bench is the best catcher who ever lived.

WTSL It can't just be the CEO firing/hiring thing, that was announced yesterday. T1 halt means more news coming.

I don't mean to alarm you if you own it, but usually the longer the wait the worse the news.

Best of luck.

I'm not surprised. From an earlier post of mine:

OK, household commodities?

I've never seen this, IMHO it's a great visual about world food companies. I apologize if this has been previously posted.

Lunch time OT: The DGLY story is indeed amazing, but in some ways I think it just further messes up the thought process for many traders.

Stuff like this is literally a once-in-a-lifetime happening, maybe not even that. It shouldn't be a realistic goal, much less--heaven forbid--a daily, fundamental trading strategy. It's chasing rainbows.

Buy at a decent price, aim for 10%, sell. Buy at a decent price, aim for 10%, sell.

Keep repeating.

Lunch time OT: The DGLY story is indeed amazing, but in some ways I think it just further messes up the thought process for many traders.

Stuff like this is literally a once-in-a-lifetime happening, maybe not even that. It shouldn't be a realistic goal, much less--heaven forbid--a daily, fundamental trading strategy. It's chasing rainbows.

Buy at a decent price, aim for 10%, sell. Buy at a decent price, aim for 10%, sell.

Keep repeating.