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With one correction it looks right by my understanding.. It’s not only the approximately 925 placebo first eventers but all approximately 1612 first eventers who are removed from the PE pool following their first event. Also, we should periodically remind ourselves that 1612 was the target number of first events and, again by my understanding, the final number would likely be slightly more.
I was thinking the same thing. it’s a perfect set up for Dr Bhatt to blow it away. Another grand slam home run.
You are a freeloader mouthing off to established posters. Do your homework and then come back. Meantime you’re ignored.
Line workers always worry that every meeting means change of control and bye-bye job.
I think tha shorts are going to need a new supply chain for Depends.
Bats yeah probably more than I needed to know.
It can be stated today that yesterday's extremely large option transaction (~14500 contracts in Jan $4 & $7 calls) was a closing transaction, as open interest in both strikes declined by a commensurate number. Most likely it was the closing of a bull call spread for a profit of around $3 million.
I should have expected that you would be fluent in high-end audio. The Sasha's would be a sensible choice at only $38k list, FOB DAW. I never could have afforded or have room for the WATT's but I did listen to them before landing on my sensible choice (Kef's, not Wilson's). But that was long ago and my audio fantasies eventually gave way to family focus and I sold all my equipment, my vinyl and CD's, my homemade crossovers, and canceled my subscription to Stereophile.
“Good results this Saturday, I'll get myself some decent speakers....”
Here’s a good deal on some used ones that are not bad:
https://www.audiogon.com/listings/lis96c42-wilson-audio-alexandria-xlf-mint-one-owner-full-range?creative=305983658573&gclid=EAIaIQobChMI3-3vooi_3gIVhQOGCh07lwraEAQYASABEgJILvD_BwE&keyword=
I just added a link to that event to my previous post. By good fortune I was stationed in Heidelberg just an all day drive away.
A ‘59 Bonneville for me and Jimi Hendrix on vinyl bring back some fun memories. But a bigger thrill is remembering seeing Hendrix live in the first week of September 1970, two weeks before he died.
I totally agree that the heavy emphasis on this board toward buying calls has created and is continuing to create a super massive treasure ship inviting sinking by the pirates with massive ramming ability. In spite of the momentum we have here I fear that many will over leverage themselves and roll out roll out roll out until their positions collapse from bad timing, getting their strikes ahead of the growth curve with volatility overlaid.
No problem. I can't get the details after the fact since I wasn't logging the time and sales on those before the fact, but I think what I suggested is most logical. There could certainly be another scenario.
I think someone paid .15 to close the $3 call spread Jan '18 4/7. I might have done the same. 14700*100*$2.85=humongous profit against cost probably well under $1 and maybe more like $0.50. Waiting for Jan expiration would only yield .15 additional and the trader could have good reason for wanting to take the profit this year. My suggestion is supported by the open interest in those two strikes being similarly large (22k) compared to other strikes. If I am right we should see that open interest go down tomorrow by 14+k in each of those strikes.
That’s a fairly conservative play which I might make if I already had a large nestegg and was looking to make a nice return while being pretty sure of preserving capital. You had to put up, in addition to the premium received, $15 in cash or margin in hopes of making a 100% profit. The odds certainly favor you making that 100% profit over the next approximately 15 months, or probably the majority of that return very soon if you are able to cover the short put for a fraction of what you received in premium. I might suggest that for that same $15 of risk you might buy a deep in the money call or a greater number of somewhat in the money calls and get with similar safety a higher return with no limit.
In most cases I prefer selling volatility myself and often sell put spreads in order to get more leverage and still reasonable purchase price if shares are put to me. But AMRN is a special case of a stock which seems to be on an extraordinary trajectory and I find myself favoring calls over puts.
Click on the Amarin message board link near the top of the page [https://investorshub.advfn.com/Amarin-Corp-PLC-ADS-AMRN-8662/] and look at the top message "Vegas Party Update." It is a 'sticky' message.
Surprising calculation:
If you want to see the effect of cashing out slowly vs cashing out quickly, make a spreadsheet with the following columns:
Year......Capital........Draw.......Earn.........Add........Tax......EOY
0........$ start.........Annual.....annual.......from sell..on sell..Bal
1........=prev eoy
2
etc
You make several copies of this spreadsheet, and try different schedules of selling larger amounts quickly or selling smaller amounts over a longer period. Also try different rates of return on the passive vehicle chosen for your bulk funds.
If you plan to put your money into fairly conservative places, like dividend-paying stocks or an income fund or such, you might find, as I did, that it won't make a lot of difference. Yes, you will pay more tax from selling quickly, but the proceeds begin earning immediately, offsetting that extra cost. Selling quickly removes the risk of holding stock but it forfeits any further appreciation once it is sold. Then again, stocks go up and stocks go down.
I'm not recommending that anyone sell now, but it doesn't hurt to consider different recipes for cooking your pot of gold when you decide to start pulling out.
I don't think any major publisher would accept that libelous crap.
Please try this site which one of the members posted on Friday:
https://smartasset.com/investing/capital-gains-tax-calculator#tnvKa88crQ .
You can play with the numbers and state of residence yourself.
This calculator does not consider the net investment Income Tax.
Effective Jan. 1, 2013, individual taxpayers are liable for a 3.8 percent Net Investment Income Tax on the lesser of their net investment income, or the amount by which their modified adjusted gross income exceeds the statutory threshold amount based on their filing status.
Net Investment Income Tax | Internal Revenue Service
www.irs.gov/individuals/net-investment-income-tax
I am a blue brother and I also applaud smarterer’s eloquent and humble post.
That’s funny. “We’re raising our price target but we don’t think it’s as good a buy.” Maybe they’re trying to slow this bullet train down.
Posted ialready by LB.
You have a really annoying way of turning people off with your inquisitorial manner.
Ten cents would buy any one of these:
Saturday at the theater
a quart of milk
Half a gallon of gasoline
a comic book
You got ripped off. Saturday matinee was 10 cents and a real godsend for parents.
Note regarding Medicare supplement plans:
Once you select a level of plan, say an Advantage plan. you can never upgrade to a better level. I have a plan F, only because I selected it when I first enrolled, and then only because my b-i-l had researched for himself and told me about it. So if anyone is approaching Medicare enrollment age, investigate before deciding. Yes, I pay more each month than an Advantage plan costs, but I have no medical copays and no Part B deductible. Plan F is a PPO - I can see any medical professional who accepts Medicare as primary. I can relax because if I should require extensive and extremely expensive hospitalization, I'm 100% covered and my family will not be burdened a bit. I'm in good health but even routine items, like monthly labs (transplantee) could more than make up the difference between an Advantage plan and a Plan F in terms of monthly cost. Plan F is a fixed cost plan with an age escalator and an inflation escalator. With the letter plans A-G you probably also need a Part D drug plan as drugs are not included like they are with Advantage plans.
Key thing to consider before enrolling in Medicare is not your state of health now, but what it could be down the road. The choice you make is binding. You can downgrade plan level but not upgrade.
Can I feel bad that your millions are not my millions?
Happy 100,000aire (AMRN portion of portfolio). Very happy at results so far and potential to come but at 75 I am not, was not and could not let myself be all-in in one stock.
You forget to add the wink emoji?
I’m not much of a joiner but I am a blue brother, in case anyone wondered.
rct, since exercising your calls and converting to shares would reset the clock it could be much better to just sell the calls for long-term gain and then buy shares on the market. That of course would generate a tax liability for the year in which you sell the calls. The shares which you would purchase on the market would have a high cost basis so even if there is a change of control before one year and you are forced to sell those for the buy out rate the short term capital gain will be smaller then it would be had you exercised and convertied to shares.
In late Aug and mid Sep I b Jan $7 calls at average .52 cents. Doubled up at 5.75 on Tuesday 9-25.
An individual trader does not have to find someone to take the other side of his trade. That’s the function of a market maker who will always take the other side. Sometimes you might not like the price but there will always be someone to take the other side.
The tricks Whal played he played on himself. It’s clear that he is very conservative and he just shared his conservative views with the board while he talked himself out of a way more profitable position. He has really annoying methods of arguing his points which include exaggerating and fabricating while taking things out of context, but imo he was really arguing with himself the whole time, probably costing himself hundreds of thousands of dollars. The sad thing is he probably did scare some people into reducing their exposure.
It’s not a bad thing to have a devils advocate in the group, although he often seemed like the devil himself. He elicited some definitive rebuttals.
Heard from danfromchicago. He said to please share his gmail with the board and ask people with option questions to email or chat (I think google chat requires Gmail account) him. He is in Europe through November 8th and won’t be on iHub until he gets back.
Dan’s Gmail:
danielgeisinger@gmail.com
Thanks. I just bit the bullet and subscribed, so sent him a pm. Being cheap gets to be a habit hard to break.
Danfromchicago, please reply to zombietom3@yahoo.com. Thank you.
I thought it was going to roll over one more week, so I won next week's.
You are correct about the actual cease fire date and I was 29 then. When I said 26 I was referring to https://www.history.com/this-day-in-history/nixon-declares-vietnam-war-is-ending. That prompted the cancellation soon afterward of my orders to go from cushy post at 5th Army HQ in Heidelberg to the war zone. I had a great setup the with apartment just off the Neckar River and a short walk over a bridge to town.
It makes more sense that you are just a little bit older than I am as I never thought you were an octogenarian.
JL, I'm 75 and was about 26 when Nixon called off the Vietnam war, so can I conclude that you are not only a better doctor but also older than I am, in which case your diminishing stamina is still pretty impressive. I was cycling about 150 miles per week before liver transplant in 2000 and lost a lot of stamina that didn't come back.