thanks. that and VRTX can probably go lower but I took profits. Looking at OVTI and KKD puts but have not decided. I wish I was as analytical as jimminee on these things!

Well said and too true. Looking to prep exits and positions i can ignore on travel

Sadly i do... 10% is non zero... Thinking the same.

closing July calls before I leave for three weeks out of country would be a NICE comfort - at a profit that is. My shares are at $8, my options need to see over 7 to be green again - I reloaded early on the pullback.

before my July calls expire is soon enough

you are a more active trader than I have time to be... say you are a flyfisher - always flitting your line across the water and moving it elsewhere if there is not a bite. I love fly fishing but I'd get fired if I put that much attention on trading. I have to resort to bottom fishing with a bobber and letting the fish (sells/profits) hook themselves.

That said, AVNR, Ash puts and VRTX puts all limit sold today. +50% on the puts and altogether +1500 realized. I don't want to think what my red ink on paper looks like today. Apparently it was ugly.

That took out my limit sell

gold was up significantly overnight but back down now. Suggests Asia valuation and EU/US valuation of gold differ significantly. I have been playing NUGT/DUST options so I welcome the volatility - to a degree. I think the lows are not behind us, but western monetary policy will only keep gold down so long.

rock bottom support is the 200DMA at $33. There is good support at $40+/-. I'd need to fire up Fidelity to get a volume by price support level.

the only difference between an underwritten public offering and a pump and dump is where the shares came from and how professionally it is promoted...

related but not specific:

http://www.reuters.com/article/2013/06/04/lead-demand-batteries-idUSL3N0EG2QE20130604?type=companyNews&feedType=RSS&feedName=companyNews&rpc=43

volume is needed to inflate a balloon with a slow leak... there is no panic sell off but there is a lot of profit for some on the table and a slow but steady desire to take some. profit taking is the slow leak in this balloon. For the underwriters it is $1.57. For others, the floor is lower or higher depending on their entry.

consider what it takes to do a public fundraise at $1.57 when the stock has been at and sub $1...

it takes buyers that have an exit strategy above $1.57... in this case underwriters.

Underwriters are resellers, not the ultimate investors. we are in, they are out. we financed the company at $1.57 plus a tip for the middleman.

That is not necessarily a negative - it depends on what the company plans, how well they execute, and home confident they can keep new buyers from now until they deliver.

public company finance is NEVER pretty.

not definite that they will RS and the 10q language could be EITHER rs OR increase authorized.

the reverse split was from a poster on the CLSN board from the Q. The reversal of opinion on HEAT study was from the offering prospectus, as was the offering price.

There were $16M in preferred shares that were just issued that I did not read terms on.

The securities violations on authorized are from prior life experience, but the request was from the Q excerpt posted by the other person.

AVNR - spiked late April on high volume after a few bullish weeks. Completely retraced the spike then wedged up into $3.42. It pierced $3.42 at yesterday's close but could not follow through. Looks like the ascent line intersects $3.42 in four more days. Spike was $3.85. Daily chart resistance up around $4.

I have seen it as an opportunity to risk a few hundred buck on small numbers of calls (before) or puts (5 contracts now) to play with and gain options trading experience.

having played puts on a couple other pharmas that were oversold to death, I also observed that no matter WHICH pharma got good news, they all pop...

stock - the reversal of company opinion on the Phase III is suspicious. The timing just before a fundraising is suspicious.

The discussion in the prospectus of a focus on acquiring products or a business puts them in danger of repeating AFFY's path into being declared a shall. I can't see that being the case as they do have development ongoing, but it is always something to be aware of.

For me the key point is they have
(a) asked warrant holders not to exercise until authorized is increased. Otherwise they must honor the exercise and then face civil penalties for issuing unauthorized securities.
(b) claimed to have a better interpretation of Phase III then said they need to raise funds to acquire a business or product. Could be valid growth strategy or could be a desperate hail Mary.
(c) issued a raise at $1.57 (hence my puts - small in number - targeting $1.60).
(d) hinted at a reverse split. While neutral in reality they are never well received.

Augusta - CLSN is definitely binary and I don't promise Matt or I are right to be concerned. I have a small bet on June $2 puts that I am, but if the confidential data at the SEC is good news you may get your $4 before I see my $1.60... both could happen though.

Best of luck and I always appreciate a balanced person's views!


Danger is real. Fear is a choice. I think that applies best to trading!

There's quite a bit of preferred stock... with discussion of a reverse split in what you posted and an offering of common stock at 1.57 when tangible book is $0,70 or less (forget exactly), there is one direction...

From the 10Q:

Cash flows from financing activities:   
                           
  
  Proceeds from sale of Preferred Stock,   net of issuance costs $13,648,663      
  
 Proceeds from sale of common stock equity, net of issuance costs $6,711,173       
  
 Proceeds from exercise of common stock warrants                    $261,944       
  
 Proceeds from exercise of options to purchase common stock         $174,871       
  
   

lots of faulty websites on PE... What I do know is $85.60 that printed at open is coming around again. Chart features like that are compelling.

Then there was an article about them considering divesting some assets to "appease antsy investors". It's an unclear story in any case.

I played calls for the tail end of the run up. I reloaded them on the dip (not perfectly timed) but after reading more I closed them (apparently really not well timed). best of luck to those playing it.

CLSN - I really distrust the company. The discussion around the financing was towards acquisitions. This has a replay of AFFY all over it with the "re-examination" of failed Phase III looking like a smoke screen. Hope I am wrong but it does not smell right.

ASH flashed $85.60 (edit) at open and seems to want to go back there... given the recent article suggesting divestiture to appease antsy investors, it could go a LOT lower.

CLSN - closed my calls for a small loss and bought puts after reading more on the company and products. I am convinced it goes back to $1 range. IMHO this is a company promotion to sell the financing and keep them alive. They suggested the failed Phase III trials had a silver lining but the subsequent discussions are fundraising for an acquisition. That makes no sense whatsoever. IMHO it's following AFFY into shell status, in deeds if not in legal status.

today's wish list:

gold down (DUST up) at least briefly
SKS, MCK, ASH, and VRTX red to close my puts.

KOG, CLSN green to close my calls.

Ruling in favor of VRNG.

A few other June wishes, but those are a start :)

morning bro.

here today and Thursday to some extent.
parents here for kids graduation after that then Taiwan, Malaysia(?), rural Korea, and mid-China from the 11th - 26th.

Internet and exhaustion I'll be on some mornings during the travel.

THM chart thoughts

daily - Lower line on log chart channel broke mid April when gold broke. This was not unexpected and, because they are exploratory stage and not production stage, current price of gold is a lesser effect than other miners. Double bottom at just under $0.725 in May. As an INVESTMENT I'd like to see it above this DB for a month or so, the thought being that if the down trend resumes it could be had for 50 cents.

hourly - last half of April and first half of May it tried to stay over or hang from $1. Only three trading days and a couple blips with RSI outside the 40 - 60 sideways band. Last two closes were good suggesting someone wanted to be in for an expected event. Opens low, closes high, net sideways. Often that breaks high. As a SWING trade I'd prefer to see it break the 200 hour average at $0.90 confirming at least the DB even though $1 will be tough to punch through without an event. (So probably a month or two to see more than 10% from there.) Given that I tend to trade spiky and a little risky, I'd also take it at $0.75 for 10% pops on unattended limit orders.

No comment on SHORT TERM trading as I lack time to do it.

morning depcom

Is there a difference?

Covered calls are a way to receive the equivalent of interest on your shares while offering to sell them at a price for a period of time.
I buy calls and puts and swing trade them.

I was looking at it long term on fundamentals and saw risk of that being diluted on the financing to production if entries were too high and cash flow was below expectations... but that possibility is months to years away. I need to relook at charts to see short term, but it should do well. it is a compelling project.

All small window units and all in place. I am far more likely to break off a broomstick as a makeshift long staff and take out collar bones and knees than to shoot a gun, but the class was fun and informative.

I think we will do ok on nbg. Not like we planned but ok. Shares are in ira and calls are July so I have time

sold HL after two nice up days. sold FSM same reason. bagholder in uslv and exchanged nugt calls for dust calls Thursday. plan to swing trade those a while.

bought four window ac's last night and took a concealed carry class today. interesting weekend.

that rock skips off 1350ish one more time.

I do now.

You would do better with tea leaves.

The athens trading is at about that so arbitrage bringing them together. I think $10 is likely in a while.