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The Forbes article impressed me also, for decades they have always had high credibility.
I own and am holding.
I already have limit order in to buy more IF, IF, IF, it ever drops down to $8.85, but I doubt that will happen, but I hope it does.
Bought some more today.
15,700 shares from 3 TD Ameritrade accounts voted YES through email link.
VERY HEAVY VOLUME today.
I CAN NOT BELIEVE - almost a year, no one on this board, no one buying this stock. WHY is everybody sleeping on this Biotech?
Been buying and adding to position for the last couple on months. Was negative for a bit, but kept buying more. Now in the green but stock is still cheap versus it's huge potential.
Great FDA news today, tried to tell everyone yesterday, price up Even Higher and STILL almost 50 day short to cover ratio.
BUY AND HOLD
One thing for sure, no dark pool trades (about 40% of all trades that don't show up on NYSE, AMEX, NASDAQ) on TPIV.
Kind of hoping there was.
https://otctransparency.finra.org/
But it's a good site to check on what the whales are doing that they want to hide from you.
Exactly what I think. Smart money shorts garbage, TPIV is NOT garbage, TPIV WILL go up over time, shorts will HAVE TO cover, or lose their a$$.
No, no one has to cover because of new ticker symbol, BUT some more interesting info.
The previous short dissemination info was from August 31.
SOOOOOOOO, that means that EVERY new short sale in the month of September was shorted BELOW $10 a share as you have to go back to later July for a price above $10.
Most shorts were borrowed between 11.25 and 12.50, with now recent shorts below 10.
If WE/us/momentum/trends can get this to pushing 12, shorts will panic buy to cover.
Short squeeze happen all the time.
I am not allowed to talk about other stocks on this board.
Look at Canadian cannabis company that starts with T and ends with Y.
A short squeeze too it from $100 to $300 in about a week, before everybody bailed out at the end of last week and this week.
There is a biotech that has gone from $9 to $12 since August (Starts M ends V) that has a 49 days to cover short position. That is CRAZY HUGE.
Waiting for that squeeze to kick in.
short shares are up, buy to force shorts to cover and price will go up, up.
PEOPLE / INVESTORS - price has gone up from 9 to 12 since end of August AND there is a HUGE SHORT position.
Based on average daily volume, there is a 49 (FORTY NINE) DAYS to cover ratio.
That is HUGE, all you have to do is BUY, BUY, BUY and you will FORCE a SHORT SQUEEZE.
Short sellers will be forced to buy to cover and price will go up, up, up.
WHERE IS EVERYBODY ON THIS?
short info just released, a 145% INCREASE in short shares, BUY, BUY, BUY, and FORCE a SHORT SQUEEZE and price will up, up, up.
short info just released, a 36% DECREASE in short shares.
NEW Short info just released.
Shorts went up to 1,010,000 shares from 880,000.
Would you like to see TPIV price go to (possibly) $14 or $15 tomorrow?
Force a SHORT SQUEEZE.
BUY TPIV to get price above the $11.50 to $12 price range, and the short sellers will start to buy to cover their short positions.
The more they buy to cover, the higher the price goes, the higher the price goes, more short sellers will buy to cover, etc..
If owners do that, the momentum/trend is your friend players will jump on board and drive the price even higher and force more short sellers to buy to cover, and etc..
If you are going to buy as a short term day trade, buy early and then sell higher Before 2PM/3PM, Before the momentum guys sell near the end of the day.
Look at today, early low of $9.23 to $10.60, about 15% profit, at 2:50PM, sell off, but many people made their 10%+ profit for the day.
If you want to hold your "X" amount of shares long term, that's fine, but there's no law that says you can't make extra $ along the way.
YEP, bought more, up 12% today, it may fluctuate up and down, buy it is so cheap, the trend is up, up, up.
Buy on any pull back and hold.
Yep, I'm buying more.
I HOPE you are correct and it does tank big time tomorrow.
I will buy and triple my current holdings.
I'm hoping Monday for a few reasons that have nothing to do with Aurora.
Sympathy selling on the giant sell off in Tilray.
Fed possibility of raising interest rates.
China walking away from trade talks.
Short sellers switching over to Aurora.
Below $7.50 Monday morning?
I hate buying more of something when it's up over 100%, but I want to buy more ASAP before Oct.
If there is a significant pullback in pps (Monday) or soon, LOAD UP on more shares before October uplisting.
When funds are allowed to buy, they WILL, so do it before they can.
I kind of believe so also. Right now, ONTX is almost a one trick pony (a phase 3 pony) (Yes, they got a bit other going on forward) but I think by recent moves and volumes, someone knows something that we don't and it all tells me good news.
HOPE I'm not wrong.
Also, we won't know next short info until 9-25-18 dissemination after 4 p.m.
Watch the daily volume, if volume is high, even with just small moves up in price, might be a good buy sign.
A bit of good news to hold on to.
In May there were 60,000 shares sold short.
Now there are 880,000.
Not huge, but it is about 1/15th of current outstanding shares.
If it really starts to jump up and climb, at some point those shorts will have to buy to cover, forcing the price up even higher …… which will force more shorts to buy and cover, etc. etc..
Most of those short sales were shorted between (about) $12.50 and $11.25, so the pps would have to climb near that bottom price before the shorts give in and start to cover.
But if covering starts at about $11 and it keeps climbing past $13, how much $pps would 880k shares being bought (outside of normal buying as investment - PLUS other buyers for other reasons) add?
Based on average daily volume and what price adjustments have happened based on that volume, could be (maybe) 50 cents to 75 cents per 75,000 shares, so that would be 50 cents to 75 cents times 12 = $6 to $9 …
IF it climbs past $13 and keeps heading up, so let's say (just) investment buying takes it to $15, if all shorts cover, it may wind up being $21 to $24.
I know that $6 to $9 might sound like a lot, but you have to remember you will have other kinds of buyers getting in, the momentum guys, the trend is your friend guys, the short time traders, etc..
Now, of course two things will also be happening that will try to dampen that a bit.
#1 profit taking
#2 new shorts selling to establish new positions at higher levels.
Should be an interesting couple of months to watch, (or maybe just a couple of weeks).
Something tells me that if it hits $11+, do nothing but hold (or buy more if your feeling ultra-confident), then just see what the next days volume is, if you have moves up in pps on large volume, stick with the hold plan until volume lightens, then make your decision as to whether to hold or (OK, I won't say it) anything else.
Something happening. A bit risky considering past, BUT may be good to buy and hold for news here.
OK, time for some reason on a smaller issue and a larger issue.
The smaller first, which is easy. Why is TPIV going up and then down and then up and then down?
Because that is what most stocks, markets, commodities, and indexes do over time, the trend may continue up, but they fluctuate down and then back up, etc..
The LARGER issue. I have been reading for months about, when will the merger happen, when will the merger happen, oh if only the merger would happen, we will all be rich when the merger happens, the heavens will open and angels will sing when the merger happens. The stock price will go to $25 or $50 as soon as the merger happens.
Is this the only stock merger that has ever happen?
What happens with most mergers?
No Great, Giant, Huge moves up.
Why? Because it's already priced in to the stock.
That is why you keep hearing, "buy on the rumor, sell on the news".
The pending merger is why TPIV went above $12, up 400% in no time.
Stock dilution normally tends to make a stock price go down.
We will triple the amount of shares, that will make it take off like a rocket??????
IF, IF, IF it does, what should you do?
You already know what I am going to say.
If TPIV shoots up to $25 or $50 as seems to be expected, be smart and PROTECT A PORTION OF YOUR PROFITS by employing staggered trailing stop losses.
WHY? If it shoots up, do you believe it will just continue to shoot up more and then more and then more and be $100+ per share?
In order for that to happen, you need catalysts.
What's the next catalyst after the merger?
When is the next FDA trial info coming out?
I'm sure there will be some institutional money coming in, in November and December JUST SO they can say in their annual report, "Look how smart we were, we owned TPIV and it went up a bunch".
But are they going to throw so much money in after it went from $3 to $25 or whatever that they drive the price up to crazy levels?
Possible, but I seriously doubt it.
History repeats, nature abhors a vacuum, excesses regress to the norm.
This is not a magic stock, TPIV is no different that the 100 other biotechs that merged.
I OWN a good chunk of TPIV, I hope it goes to $50 and then $100 in no time.
Do I expect it? NO.
If it does, am I going to capitalize on that and protect profits?
You betcha.
I CAN answer this one Epicare for you.
the difference between "stop loss" and "stop limit"
It gets a bit complicated, and I have used "stop limit", BUT I would only use that in very specific situations that usually revolve around upcoming news.
OK, same example I've been using.
You bought a $5, it goes up to $15, and you want to protect A PORTION of your profit.
With a stop loss, you would do something like put in that stop loss at $3. And that is the end of it and you know how that works. If it goes down $3, you will sell. If it opens that morning down $5, you will sell. If it opens that morning down $14, you will STILL sell (but this rarely happens for no reason).
With a stop "limit" you elect to put a bottom "limit" at what you are willing to sell at, AND ANYTHING BELOW your limit, you will NOT sell.
I will give you an example of a few ways that will work (trading during the day and trading at market open), and then I will tell you how I use stop limits and why.
Same example, buy at $5, it goes to $15, you put in a "stop limit" for $3 with a "limit" at $5.
OK, now let's say it's a very small, very thinly traded stock and your order is to sell 5000 shares.
It goes down $3 and you sell 1000 shares, it goes down $4.10 and you sell another 1000 shares …… it goes down $5.20 and you WILL NOT sell your remaining 3000 shares because being down $5.20 the price is now BELOW your bottom limit. That can be very bad because if it continues down another $5 you will not sell your shares and will be stuck taking the loss. That stock could end the day at 44 cents and you will still own any remaining shares.
Another example (using different numbers to make the point), you buy at $5, it went up to $200, and you want tp protect a portion of your giant profit.
You stop "limit" at $10 with a "limit" at $20.
OK, bad news happens over night and it opens down $20.10 …. you will NOT SELL because it is below your bottom limit.
SOOOOOOOOOO, if it keeps going down all day, it could end the day DOWN $190 and you still own because you never got to sell because you put in a bottom limit.
So, in general, I don't use stop limits because of the above, if I want to protect profit, I want to protect profit, period.
Now, how and why do I use them.
I own a biotech stock, and I know that phase 2 news will be released in 2 days. I also know/suspect that the news will NOT be great, but it will also NOT be horrible.
And I am going to stop here and say ….. this is why I talk about greed and fear, and the OVEREACTION that ALWAYS happens on both sides.
Think of it like a rubber band being stretched one way or the other.
One way is greed, the other way is fear. People almost ALWAYS stretch it TOO MUCH. And what happens when you stretch a rubber band way out? It bounces back. Believe it or not, that directly relates to stock prices. The down stretch could be fear as fear, it could be fear as profit taking, it could be fear because famous Joe Blow sold.
OK, back to the example.
I bought at $5 and it went up to $200.
News coming out in 2 days, not Great, but not horrible.
NOW, the news could be released before the open, or after the close, or the stock could be halted pending the news (as happens a lot)
What else do I KNOW.
I KNOW people will OVERREACT way too much.
I know that as soon as the news comes out and as soon as the stock opens, the stock price will open at $110 because of fear - panic - rubber band stretch.
It may even continue down to $95 per share for the same reasons.
But what ALWAYS happens (most of the time), a couple of things, some people catch their breath, realize it's not the end of the world or the stock and buy. Other people, greed will kick in and they will buy cheap.
At the end of the day (or a few days), stock is at $175 and the world is fine.
NOW, if I put in a stop "LOSS" at $10, I would have been forced to sell at the open at $110 (losing $90 a share) (which I don't want to do because I still believe in the stock).
BUT with a stop limit at $10 and a limit at $20, I will be protected and NOT FORCED to sell at $110, down $90.
In general, use staggered, trailing stop losses to protect a "PORTION" of your profits. ….. and forget the "limit" trade.
I am Very Sorry Epicare. I have looked at options trading many times over a long career in stocks. I always come to the same conclusion, they are not for me. Sorry I can not answer your question.
I feel like if I give advice, then I am responsible for the outcome of my advice, and I'm not comfortable answering that for you.
I know it sounds crazy, but I've been like this my entire life, if words are coming out of my mouth, then those words better make people money.
If that is not the case, it is better for people to keep the words to themselves.
Here is my suggestion if you are involved in options.
No matter what brokerage you trade with, put $1000 in to a T D Ameritrade account, then download "think or swim" , then call them up and talk to an options specialist (Yes, they will talk to you) and they will answer every question you have and walk you through any trade you may want to make.
Good Luck
Thank You erg61 for your kind response, I'm glad it helped. Everybody here is buying stocks to make $, why not make as much as possible along the way.
Good Luck to you.
For Eagle1.
Hi, site would not let me do a "private" reply, so I'll answer here.
I don't honestly know what a member mark is.
I know I'm not allowed to mention other stocks you asked about on this board, so in order.
stock #1, I own a competitor.
stock #2, although I follow what Sabby Management does along with many others (info is power), I don't invest in device companies, I just do the pharma side.
stock #3, I own a competitor.
Thank You for your message.
CORRECTED - MIXED DOLLARS AND SHARES IN ORIGINAL POST
Hello erg61, You asked "how to use stop losses", so let me explain how TO and NOT TO use them.
First, there a few different "stop losses" you can use.
#1, a straight stop loss, ie: you bought a stock for $5 and it goes to $15.
You put in a stop loss for let's say $12.
What you are saying is I am willing to give back $3 of profit, but if it goes lower than that I want to protect the rest of my profit.
You can do this for ALL of your shares, or just a PERCENTAGE of your shares if you are worried about selling all your shares and then not having an opportunity to buy them back before the stock takes off up.
THIS IS NOT - NOT - NOT how to use stop losses, because by doing it this way you will constantly have to be changing you order, and here is why.
Same Example, bought at $5, it goes to $15, you put in a stop for $12.
NOW if it goes up to $20, you don't want to keep a $12 stop, so you have to change your stop to $17 ….. it goes to up $30, you have to change your stop (again for all or a percentage) to $24, etc., etc..
OK, so if you don't do the above stop loss, what do you do.
You use TRAILING stop losses.
There are 2 kinds of TRAILING stop losses.
#1, by % and #2 by $.
I will explain both, BUT I suggest that you STAGGER your TRAILING stop losses.
Let's start with #2 by $.
Same Example, bought at $5, it goes to $15, you put in a TRAILING stop loss at $3. What that means is if the stock price goes down $3, you will sell.
BUT that $3 TRAILS, so if the stock goes up to $20, the $3 trail automatically adjusts to $17 (making you more money), if it goes up to $30, the $3 trail automatically adjusts to $27 (making you even more money by protecting more of your profit).
But, I DO NOT suggest you use a $ trailing stop loss either.
I suggest you use a % trailing stop loss.
It is the exact same principle as $ trailing stop loss, except you trail by a set percentage as opposed to a set dollar amount.
I will explain how BEST to use this in a staggered strategy.
First let us assume something.
You bought a stock because you BELIEVE in it.
That obviously means that you DO NOT want to sell all of it, because if you do you may never get a chance to buy back in to it and then you will feel terrible when it goes up 8000%.
SO, there are 2 "BEST" things you can do.
#1, get back your original investment.
#2, get back your original investment, PLUS some profit.
I will go through #2 and then #1 will be understood.
OK, You believe in a stock, you invest $10,000 and buy 2000 shares at $5 per share.
It goes up to $15, put in a trailing % stop loss for 500 shares (25% of your shares) at 15%.
You also put in another trailing % stop loss for 500 shares (25% of your shares) at 25%.
If it goes down 14%, you will not sell, if it goes down 15% you will sell and STILL own 75% of your shares.
If it goes down 25% you will sell your second lot of 500 shares and YOU STILL OWN 50% of your shares (in case it takes off back up) and you got your original investment money back PLUS some profit and that means that the 50% of the shares that you STILL OWN are FREE, as in FREE.
Now, if that stock continues down to down 40% or down 50% (whatever you are comfortable with), IF - IF - IF you STILL believe in the stock, then you buy back in.
If you put back all the money you got from your staggered trailing stop losses, you will then own many mores shares the you originally bought.
OR, you can just buy back the 1000 shares you get stopped out of and KEEP the rest of the profit.
SO, without writing a book, that is basically it.
One more thing, it does not matter if you are a long term buyer or a trader, whether you trade in a taxable account or a tax deferred account or a tax free account, this works just as well for all cases.
And remember, you NEVER EVER either buy or sell based on taxes considerations.
If you sell and make a profit, be happy and pay the taxes.
I have thousands of shares, in dozens of companies, that are ALL FREE, because I took back my original investment money, kept the remaining shares, and then invested that original money in other stocks and did the same thing over and over and over, decade after decade. (in some cases, I did reinvest after it went down a good bit more, like TPIV, $3 to $12 to $7)
Understand what drives stock prices, understand greed and fear and overreaction on both sides of the equation. Understand that VERY RARELY do stocks just keep going up and up and up without profit taking happening, and that drives the price down, and that price going down leads more people to worry about not losing all their profit and that leads to more profit taking, etc., etc..
It works, period.
The "worst" thing you can do is have a great profit and then sit by and do nothing but watch every penny of it disappear by inaction.
Not trying to ram anything down anybody's anything, just trying to HELP AND INFORM those willing to listen and learn.
Good Luck to you.
P.S. The trailing % that you set to sell at, 15% and 25%, could be 12% and 28% or whatever you are comfortable with, also the down % you buy back in at, whether 35% or 40% or 50% again is up to what you feel is best. The staggered trailing stop is a guideline as to how to execute … the percentages set are up to you.
Hello erg61, You asked "how to use stop losses", so let me explain how TO and NOT TO use them.
First, there a few different "stop losses" you can use.
#1, a straight stop loss, ie: you bought a stock for $5 and it goes to $15.
You put in a stop loss for let's say $12.
What you are saying is I am willing to give back $3 of profit, but if it goes lower than that I want to protect my profit.
You can do this for ALL of your shares, or just a PERCENTAGE of your shares if you are worried about selling all your shares and then not having an opportunity to buy them back before the stock takes off up.
THIS IS NOT - NOT - NOT how to use stop losses, because by doing it this way you will constantly have to be changing you order, and here is why.
Same Example, bought at $5, it goes to $15, you put in a stop for $12.
NOW if it goes up to $20, you don't want to keep a $12 stop, so you have to change your stop to $17 ….. it goes to up $30, you have to change your stop (again for all or a percentage) to $24, etc., etc..
OK, so if you don't do the above stop loss, what do you do.
You use TRAILING stop losses.
There are 2 kinds of TRAILING stop losses.
#1, by % and #2 by $.
I will explain both, BUT I suggest that you STAGGER your TRAILING stop losses.
Let's start with #2 by $.
Same Example, bought at $5, it goes to $15, you put in a TRAILING stop loss at $3. What that means is if the stock price goes down $3, you will sell.
BUT that $3 TRAILS, so if the stock goes up to $20, the $3 trail automatically adjusts to $17 (making you more money), if it goes up to $30, the $3 trail automatically adjusts to $27 (making you even more money by protecting more of your profit).
But, I DO NOT suggest you use a $ trailing stop loss either.
I suggest you use a % trailing stop loss.
It is the exact same principle as $ trailing stop loss, except you trail by a set percentage as opposed to a set dollar amount.
I will explain how BEST to use this in a staggered strategy.
First let us assume something.
You bought a stock because you BELIEVE in it.
That obviously means that you DO NOT want to sell all of it, because if you do you may never get a chance to buy back in to it and then you will feel terrible when it goes up 8000%.
SO, there are 2 "BEST" things you can do.
#1, get back your original investment.
#2, get back your original investment, PLUS some profit.
I will go through #2 and then #1 will be understood.
OK, You believe in a stock, you invest $10,000 and buy 2000 shares at $5 per share.
It goes up to $15, put in a trailing % stop loss for 2500 shares at 15%.
You also put in another trailing % stop loss for 2500 shares at 25%.
If it goes down 14%, you will not sell, if it goes down 15% you will sell and STILL own 75% of your shares.
If it goes down 25% you will sell your second lot of 2500 shares and YOU STILL OWN 50% of your shares (in case it takes off back up) and you got your original investment money back PLUS some profit and that means that the 50% of the shares that you STILL OWN are FREE, as in FREE.
Now, if that stock continues down to down 40% or down 50% (whatever you are comfortable with), IF - IF - IF you STILL believe in the stock, then you buy back in.
If you put back all the money you got from your staggered training stop losses, you will then own many mores shares the you originally bought.
OR, you can just buy back the 5000 shares you get stopped out of and KEEP the rest of the profit.
SO, without writing a book, that is basically it.
One more thing, it does not matter if you are a long term buyer or a trader, whether you trade in a taxable account or a tax deferred account or a tax free account, this works just as well for all cases.
And remember, you NEVER EVER either buy or sell based on taxes considerations.
If you sell and make a profit, be happy and pay the taxes.
I have thousands of shares, in dozens of companies, that are ALL FREE, because I took back my original investment money, kept the remaining shares, and then invested that original money in other stocks and did the same thing over and over and over, decade after decade. (in some cases, I did reinvest after it went down a good bit more, like TPIV, $3 to $12 to $7)
Understand what drives stock prices, understand greed and fear and overreaction on both sides of the equation. Understand that VERY RARELY do stocks just keep going up and up and up without profit taking happening, and that drives the price down, and that price going down leads more people to worry about not losing all their profit and that leads to more profit taking, etc., etc..
It works, period.
The "worst" thing you can do is have a great profit and then sit by and do nothing but watch every penny of it disappear by inaction.
Not trying to ram anything down anybody's anything, just trying to HELP AND INFORM those willing to listen and learn.
Good Luck to you.
RIGHT ………. Understanding that the majority of the times, stocks that go WAY up, tend to go back down a bit due to the profit taking that a portion of investors engage in. Understanding how greed and fear work to move stock prices. That is why, even though most on this board are against it, you use staggered stop losses to protect a percentage of your profits, get back your original investment, and THEN …. buy MORE SHARES BACK CHEAPER after it goes down.
Look at the last 6 months, went from $3 to $12, what to do, as I outlined in advance in every post, take 50% of your shares and place staggered stop losses.
You got stopped out of 25% of your shares at $11, you get stopped out of another 25% of your shares at $10.25.
NOW, you wait (as I did) and when it hit $7, you go back in and buy EVEN MORE shares than you owed to start and (all those shares are FREE).
It went back up to $9.50, and we were told on this board …."this is your last chance to buy in single digits" righttttttttttt.
I read on this board that "stop losses were the worst thing you could do"
YES, if you live in fairytale unicorn land and believe that stocks will ALWAYS only go up and up and up with no profit taking that happens in real life.
Buy low, sell 50% high, buy back MORE lower, and repeat.
If you do that,
#1 you will ALWAYS at least own 50% of your original shares (for that HOPED FOR giant run up).
And #2 the MAJORITY of the time, you will wind up owning many more shares then you originally bought for FREE with NO additional investment.
OR, just keep watching it go up and down and up and down with gaining any advantage from what will happen most of the time.
It certainly seems so to me. They got their mitts in the entire vertical chain from approved land, to leasing, to royalties, to warehouse, to distribution, to edibles, to growing and sales …. and on top of that intelligent (I'm guessing) investors put in 19 million at 60 cents a share with the option to buy more shares at 90 cents.
Unless they totally blow it, this such be worth exponentially much more.
I had bought quite a bit over the last few weeks as it's been going down, and just for yucks I put in a limit order to buy more at 0.342 (I really didn't think it would be executed at that low a price), but I bought more and that's just fine with me.
It's been going down and down …. and I've been buying more and more.
After getting stop lost out of 25% position at $11 and another 25% at $10.20, I'll buy back in and add more shares at just above $7 today. It how you play the game to maximize profit and stop loses. It beats the hell out of just watching your profit dwindle away.
time to buy low and hold for a while in now.
As was stated on 6-15 in post # 23919 , if you are up a bunch, protect some of your profit and original investment with staggered stop loses.
It's just a win/win situation , you get your original investment back in PROFITS and you STILL own the rest of the stock for FREE.
Very cheap here after pullback. A (what was) a 6 million market cap company got 11 million upfront AND milestone payments for something they were not even in trails for. They didn't sell anything they were working on. Large potential at a very cheap price.
like I said... and it's going to go much higher.