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VNDA 3.95 - took a starter in this cashfat-biobust on last night's news, it's strong fundamentals and, most importantly, it's 3 NDA's scheduled for next year:
The FDA's action on this application will mark the third NDA or supplemental New Drug Application (sNDA) decision expected by Vanda in 2024; a sNDA for HETLIOZ® for the treatment of insomnia characterized by difficulties with sleep initiation has a PDUFA target action date of March 4, 2024 and a sNDA for Fanapt® for the acute treatment of manic or mixed episodes associated with bipolar I disorder has a PDUFA target action date of April 2, 2024.
https://finance.yahoo.com/news/vanda-pharmaceuticals-announces-u-food-230000222.html
OMIC...I would like to see some Form-4 buys...that might set this one off?
https://capedge.com/filing/1850906/0001209191-23-056069/OMIC-4
https://capedge.com/filing/1850906/0001209191-23-056071/OMIC-4
The CEO and CSO just filed Form-4 buys...Nice!...keep em coming
Cashfat Biobusts KNTE & SLDB both running today...so we've still got hope haha
Yes - along with PASG, SNSE, CMRX, BOLT, NXTC, NKTX and SEER. I posted previously SNSE's $1.00 cash offer that they turned down while maintaining somewhere above $2.00 cash-per-share and the f'in (pardon my french) pps can barely hold $.70.
OMIC & NKTX both had similar most uncanny chart action (2 month charts)...
I stood twittling my thumbs on both upspikes. I don't remember ever seeing action like this, OMIC actually set a new low within days after making such a strong move. These biobusts are certainly in an extreme funk...thinking I might reduce my exposure to this sector in any positive post-tax-selling new year's bounce.
I'm about 95% sure this has nothing to do with the earnings release. Also LUMO just made a real nice run to $8's in afterhours a few days ago only to collapse a few days later.
SNSE .70 - another covid-ipo-biobust having fundamental numbers very similar to OMIC just turned down a $1.00 cash offer?
On November 6, 2023, Sensei Biotherapeutics, Inc. (the “Company”) confirmed that on October 25, 2023 it received an unsolicited proposal from Newtyn Management, LLC (“Newtyn”) to acquire all of the Company’s outstanding shares of common stock at a price of $1.00 per share in cash.
The Company’s Board of Directors (“Board”) reviewed Newtyn’s proposal and determined unanimously that the proposal substantially undervalues the Company and its future prospects and is not in the best interests of the Company and its stockholders. Accordingly, on November 6, 2023, the Board rejected Newtyn’s proposal.
https://capedge.com/filing/1829802/0001193125-23-270798/SNSE-8K
OMIC - agreed and I agree with gilead's previous observation...that's the negative side. On the positive side, how many stocks in the biotech sector have we watched take off like rocketships? Many! So why not try to catch a potential rocketship when it's trading at a pps less than $.50 on the dollar?
OMIC Have you seen any/many of these broken biotechs liquidate?
Not many, I could count them on one hand...but one can dream, oui?
One major drawback is these biotech managements seldom own many shares and their salaries + perks are way too high...hard to budge them from wanting to keep the gravy train going as long as possible
OMIC .52 - very strong move this morning - pps and volume. I don't see any news...but I've always been rooting for a liquidation-event, should be good for well north of $2-per-share?
OMIC .52 - very strong move - pps and volume. I don't see any news either... but I've always been rooting for a liquidation-event, should be good for well north of $2-per-share?
NKTX 3.14 (up 1.66 yesterday) - still showing approximate $6.00 cash-per-share another, in this current cashfat-biobust devastation, that had traded down to about .25-on-the-dollar. I thought yesterday's news was very bright and still trading at 1/2 cash? Any thoughts?
https://finance.yahoo.com/news/lupus-therapeutics-announces-partnership-support-154700255.html
https://finance.yahoo.com/news/nkarta-receives-fda-clearance-ind-110100419.html
NKTX 3.14 (up 1.66 yesterday) - still showing approximate $6.00 cash-per-share another, in this current cashfat-biobust devastation, that had traded down to about .25-on-the-dollar. I thought yesterday's news was very bright and still trading at 1/2 cash? Any thoughts?
https://finance.yahoo.com/news/lupus-therapeutics-announces-partnership-support-154700255.html
https://finance.yahoo.com/news/nkarta-receives-fda-clearance-ind-110100419.html
MSN .56 - another just waiting on the launchpad sitting on a mound of cash. Another one-time-cash-dividend perhaps...ooh la la...
TPST / OMIC - why risk shorting a biobust-rocket-launch such as TPST when OMIC at pps $.37 has yet to leave the launchpad? If OMIC were to shut down operations today, cashout-per-share should be somewhere above $2 bucks.
And what's the alternative, management will just piss off approx. $3 per share over the next 6 quarters or so...lol...I guess that's exactly what Mr.Market is trying to convince us of?
OMIC .41 (up .03) - first day above water in what does seem like months. Not seeing anything fishy here rather OMIC is just another one of the overabundance of biotech IPO's during the covid craze. As covid wanes, the overabundance of venture-capital seeking a vaccine, or cure, seems to have waned even moreso?
I would like to see some Form-4 buys...that might set this one off?
OMIC .38 - if OMIC were to liquidate right now, my guesstimated mathematics show a 5-bagger+ from this current pps of $.38 with their abundance of remaining cash - dare to dream?
There were 73,125,481 shares of common stock, $0.0001 par value, outstanding as of July 28, 2023.
Total stockholders’ equity $218,388,000.
https://capedge.com/filing/1850906/0000950170-23-040570/OMIC-10Q-2023Q2
OMIC .38 - if OMIC were to liquidate right now, my guesstimated mathematics show a 5-bagger+ from this current pps of $.38 with their abundance of remaining cash - dare to dream?
There were 73,125,481 shares of common stock, $0.0001 par value, outstanding as of July 28, 2023.
Total stockholders’ equity $218,388,000.
https://capedge.com/filing/1850906/0000950170-23-040570/OMIC-10Q-2023Q2
Cape d’Agde France...Nice! Planning a trip to Nimes in early October to see the local roman amphitheater, the aqueduct at Pont Du Gard, old town Avignon, and maybe the beaches if not too cold. Let me know of any other worthy sightseeing/hiking suggestions?
Bonnes Vacances...
OMIC .50 - this biobust is waaayyy oversold...loading the proverbial truck. Approx. $3.00 Book Value (mostly cash) with a (.35) quarterly burn on 73M O/S plus some preferred which could add 2.5M to the O/S if/when converted...
https://capedge.com/company/1850906/OMIC
GCT - https://capedge.com/company/1857816/GCT
My fav site for overall basic stock data.
Carry on...
"Dow Jones Industrials just had its 13th straight green day, its longest winning streak since January 1987 👀 Did anything interesting happen in 1987?"
I vividly remember February 1987. My small construction business was averaging $90K gross-monthly-sales for several years when in February 1987 my gross-monthly-sales nosedived to $20K and flatlined at $20K monthly avg. thereafter until I closed the doors on that construction business...
"I am simply frustrated in watching a market so highly manipulated on a daily basis"
Another most profound nugget!
Do you ever take a vacation...NYC, Grand Canyon, Sud de France oohhh la la?
Secondly there's always some risk of a forced buy in if the shares are no longer available for shorting.
Good overall explanation, thanks...and another reason I have come to loathe 'shorting'. The "can't lose until you sell" does NOT apply to shorting...the broker can snatch your underwater-short-position at anytime forcing you into a loss.
And for you wanna-safe-short-position "put" buyers, check out the "put" prices on wayyyy overpriced PPSI, ridiculous....
None right now...
Buying puts (or calls) is no different than gambling on a casino game imo...SELLING puts or calls is moving to the correct side of the blackjack table, so to speak.
This VMC-posting-group is incredible at finding really good stocks that for one reason or another have been sold off way too cheap...numerous tickers over the years...why not just wait patiently to buy one of these deep value stocks and when it continues falling, feel comfortable adding?
Shorting has zero mathematical "value" imo and doubling down any short position is an onset to a most undesirable rabbit-hole...
I have failed in my EVERY short endeavor over many years...kinda like betting at the horse track - loserrrr everytime.
I still don't understand how one assesses a "value" in any short trade? Do you short at 100 PE, 250 PE...and when it goes to 1000 PE (as they often do) does one double down? Super high risk!
I'm still at about 90% cash as my crystal ball is showing the likelihood of a temporary collapse...but I have no further interest in 'shorting' anything...
Happy Summer Vacation Everyone...
Etrade offers an immediate sweep back & forth from your trading account into an FDIC insured 'premium-savings' account currently paying 3.85%...
https://us.etrade.com/bank/premium-savings-account
And I now see that a-trade offers 3-month-CD's at several banks...
SWVXX - it's just too easy a task to buy 'INSURED' deposit instruments (such as CD's) than to assume any risk with all of the redundant 'non-insured' boilerplate on these money-market-funds, imo?
Each to his own risk tolerance, but I'm guessing nelson, michael t and jtomm had some very sweaty palms back when Lehman went tits up...
Independent Bank is offering 5.2% for a 6-month CD and I intend to park a bit of cash there.
Gracias for the detailed "money-market-fund" explanation.
MM fund SWVXX - are you still trading these (every 7 days) at tdameritrade? Aren't you concerned with all the "non-insured" boilerplate verbage on the website?
I've gone to 90%+ cash. I intend to still actively trade but only very short term as the likelihood of a temporary all-out collapse is just too great.
PPSI 4.46 - files formal 10K afterhours. As expected, I still see many bumps-in-the-road ahead as with most all other solar-sector stocks. I sold for a tidy profit last week in the mid-3's and think this one has way outrun itself...should be a nice trader tho as the solar-sector will prove to be an inevitable slam-dunk down the road sometime, somewhere.
Also still like SUNW and continue to believe ISUN is a borderline outright-scam the way ISUN management abuses all reality...
PYXS 3.95 - haven't seen such an erratic yo-yo stock in a long time. The sizzle of the Pfizer connection is strong...
PPSI 3.05 - joined in with a 1st position intending to hold some shares longterm. The "solar-sector" is a can't miss sector and this is the only under-$10pps I can see with even close to earnings.
PYXS 6.25 - I got juked out again with all the whipsaw action. Same with CABA and SERA very recently (shoulda just held on)...made decent money with all 3 buying them lower with a few flips in between but completely whiffed on the eventual WHOPPER-BUCKS.
Oh welp, c'est la vie...intend to hold the rest of my brutally beaten down cashfat-biobusts for longer periods (fingers crossed). I plunged on more BOLT shares after yesterday's news and holding tight on NXTC, PASG, and XBIT, adding as they dip...
PYXS - I believe they are licensing a trial drug from Pfizer?? Not sure tho...
PYXS 2.90 (in afterhours) - did Pfizer just buy another 1.8M shares of this little obscure cashfat-biobust on 3/17?
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=117351884&type=HTML&symbol=PYXS&companyName=Pyxis+Oncology+Inc.&formType=4&formDescription=Statement+of+changes+in+beneficial+ownership+of+securities&dateFiled=2023-03-21&CK=1782223
CUBI 18.73 - took a starter and immediately sold the April-$20 call at $2.70...that's a 14% premium, under strike, for 5 weeks.
My crystal ball is showing a FED gone extremely funky and no way they'll allow the banking system to fail!
REUTERS 3:42 PM ET 3/17/2023 - First Republic Bank(FRC) is in talks to raise money from other banks or private equity firms by issuing new shares, the New York Times reported on Friday, citing three people with knowledge of the process.
First Republic did not immediately respond to a Reuters' request for comment.
Who knew...gdmanipulation