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even if you believe that, its better to let it pull back especially down here in this range where your leverage is huge if you think its going much higher, you buy a lot more shares at .32 than .42 or even .29 or below, dont fool yourself it can go there.
maybe but nobody knows.my highest sale at .585 almost cleaned me out of shares, just started buying back at .405, and I will keep buying in larger volume IF it drops. But I am not marrying any stocks especially biotechs no friggin way.
absolutely breathtaking, I sold a lot of shares too low price but thats ok, if this hits 60 cents today I'll be completely out, and I will not complain one iota, nobody can predict how high these things can go but they surely can pull back in a huge way as well. Take profits, it never hurts to take profits.
shocked at how low this has gone but I stepped up to buy, now we could possibly have bottomed. very bullish here
Continued to buy as low as 4.55, I feel like they will have their time in the sun again I just dont know when. I really really want to see a good quarter to get back on track.
Possibly seeing some movement here yesterday, I have just about completely refreshed position with a low buy of 3.24. when this moves is anyones guess, but if it follows the pattern we should get a nice pump
really missed out on some profits on the spike the other day in the pre-market since I cant trade till 7am and the news was out at 6:30 and it hit close to 40 cents. I would have taken some profits but probably not enough so its making me think it through a bit for the next opportunity how I will respond.
Up to 875K shares, a bit uncomfortable that its taken this long to make a move, and that I have this many shares, but a lot have been bought around these prices, and this strategy has worked well so I am sticking with it, in fact it could be months you really never know, but I doubt that. Anything in the .017x range I am buying but not any higher at this point. Im sure the large lender(s) who put into this are as annoyed as can be that this is where we are.
The venture with the AI company is interesting, glad they are at least trying to think forward. I would also like to see them expand outside the FL-TX-CA states that they say most of their business is anchored.
Continuing to get my hands on all the shares I can at these prices, its a slam dunk in my opinion, they are making money and staying afloat.
Does anyone have any visibility here? I am steadily selling as I dont believe they have anything of value here, just a lot of talk. The only good thing is that they seemed to always be able to file, albeit late sometimes.
well its all over, in the next few days we will go to the expert market. Make sure you have sold all your remaining shares by then as there wont be any buyers. Cant believe theres even a bid. So sad what happened here, I truly believed we had an amazing opportunity but these guys simply couldnt execute. This Mercadante fellow, he was supposed to be Coach 2.0, more like Coach 0.0. Terrible what he did to us. What a disgrace. Let me guess, the transportation market has fallen apart. Right, meanwhile the markets are at an all time high. a 100+ year old company destroyed in the process.
looking at the filings, BERI appears to be a disaster, so as tempting as it is at this price, I would stay away.
"NOTE 3 - DISCONTINUED OPERATIONS
Due to the loss of key personnel, continuing operating losses, negative cash flow, lack of adequate capital, limited
prospects for future growth, along with a desire to focus on our consulting, inventory management and linespace
transactions, management elected to discontinue the operations of its delivered fuel operations. The loss from the
delivered fuel business is presented separately on the interim consolidated statements of operations and
comprehensive loss as discontinued operations.
Discontinued operations consisted of the following for the three months ended May 31, 2023. We had no
discontinued operations for the three months ended May 31, 2024"
HITC had a nice run recently. I have a sneaking suspicion that it will retreat back towards 6 cents. Just keeping an eye on it.
Presumably this : https://clinicaltrials.gov/study/NCT06478641?cond=Babesiosis&rank=2
is to confirm the Yale study of the use of Tafenoquine for babesiosis: https://ysph.yale.edu/news-article/antimalarial-drug-is-effective-against-tick-borne-infection-babesiosis/
Last time there was a similar announcement it took off from 90 cents to 1.53 high) on 23 mill shares:
https://investors.60degreespharma.com/news-releases/news-release-details/60-degrees-pharma-announces-irb-approval-phase-iia-study
patience they are deep into testing the technology. It would be nice if they got results that can be shared, theyre not good at updating investors.
THE GAMESTOP CORP of A-MER-EE-CU
Another week all the options I wrote went out worthless, BUT I also didnt get nearly what I should have for those options had I just been more patient waiting on those spikes I talked about when the premiums spike. So for next week I'd be waiting for spikes above $26 - the key is patience, and price in and of itself isnt enough, its the spike and volatility that will fetch you the higher premium. At this point it seems like 10% premium for options expiring in a week at the money seems like a far fetch, but we could get it, for example the stock spikes to $27.50 on monday we might get $2.30, but I would start writing at maybe $1.50.
You could spend weeks and months trying to make money with premiums, but if its a slow grind, money might be better spent elsewhere. Thats why its good to diversify.
yeah thats a disgrace coming in that direction from the accounting firm. And they were supposedly working on this all this time, as far as I can tell the company lied to us, infuriating.
yesterdays spike end of day confirmed for me once again that its best to wait for price spikes to write call options against a position. Earlier in day I wrote a couple options for tiddly amounts (27 call expiring this week), only to see the premiums spike way past them on this price spike. It showed me once again, its better to be patient and wait for a spike, which can cause the premiums to instantly more than make up for the natural decay occurring as the price languishes. Now the risk of waiting out of course is that we get no such spike and the premiums keep deteriorating towards expiry, and so a mixed strategy could make sense depending on how much stock you have to play with.
continued buying down to .21, then took some profit up towards .40 and buying back on the pullback since then, but didnt trade as well as I would have liked, leaving me now with about 40K with lifetime cost around .24, not bad, but I really want to see this take off. At this point would do some selling in the mid-30s. This could be a real winner
continuing to add to my position, this should be a real winner
Im going to pick up another 150K+ down at .009 if possible, its an easy 30% gain, for starters, from here.
Continuing to trade some CVAT tight range-bound, but eventually I expect a breakout to .015+. I love this stock.
Once again BTTR comes thru with a pump, I hope people took advantage of it, once again for the nth time I didnt sell enough shares but I did decent, you never know where the top is with these pumps, but its all good, so predictable, you just dont know exactly when its going to happen. But it always does. Wow.
Its been some great trading the past month+, continuing to work the hamster wheel as best I can. The unexpected selloff to .004 was a great opportunity as was the spike up from there and then back down as we speak. In meantime company keep trotting along, all good.
this is a disaster. I hope IPSI stays far away from these people.
as soon as this comes current, IF it comes current, I'll make my way out of this mess
Writing calls worked well the past few weeks, but premiums for the calls, for me not worth writing them at this time, and cleared my stock Friday. If volatility picks up I will consider getting back in but for now on the sidelines.
4 weeks playing covered calls, pretty good success so far. The premiums really dropped today, amazing how that happens as if nobody believes the stock will run again, and maybe it wont, but I think it will. Best thing to do is remain partially covered and wait for a spike that will drive premiums back up and write a few calls if that happens, but making sure some stock is uncovered in case it takes off. Safest approach I have found, wish I could write puts oh well.
Continuing to accumulate at .02, I expect a rally at some point back towards .03 and beyond, without any warning as always. 10-Q filed nothing interesting more of the same.
well I am in selling mode at this point, I will sell out my entire position if it keeps creeping up to .002. I have no faith in the company or the CEO, enough is enough.
Look its all forward looking statements, as far as I can tell they have done nothing.
If its so good then why arent they moving forward already.
GlobeStar is endeavoring to arrange financing to commence a study of the pharmacokinetic action of the three drugs, and then to initiate a clinical trial. Pharmacokinetics looks at changes in a drug after administration. A pharmacokinetic study generally requires from two weeks to eight weeks.
GlobeStar is discussing the parameters for a pharmacokinetic study with several Clinical Research Organizations (CRO's) in Europe and India. The CRO selected by GlobeStar would assist the company, SMI HealthCare LLC (SMIHC) and Advanced Innovative Partners (AIP) to develop a clinical trial plan. GlobeStar intends to seek FDA guidance in the development of that plan.
Following completion of the pharmacokinetic study, GlobeStar intends to arrange financing for SMIHC to manage an initial clinical trial in India, as well as regulatory filings, intellectual property rights filings, manufacturing, sales and distribution in India, Southeast Asia, Africa, and the Middle East. The clinical trial likely would require approximately three to six months.
AMC has been a decent trade the past few weeks writing covered calls against the underlying stock at the money (i.e. $5 share price fetches .50 for the call). At beginning of week, it runs about 10% of of the share price for the weekly option written on Monday. So you can make 10% in a week, not as good as GME, but always good to diversify
I could be wrong but I think he said how much he paid for them, in the $5 range, which would make break even around 25 bucks, which if it did close around then and he held on till then would be pretty damned boring for all the hoopla that has taken place. But I have a feeling that wont be the case, I have no idea what will be the case actually.
wow, as of early this morning I was DEAD SURE that all the covered calls I wrote would cancel out my stock. At this rate if it closes under 28 I'll have all my stock, wow, talk about a round trip. I also see that the premiums for next Friday have deflated, what an absolute shame, but anyway whatever stock I end up with I'll write calls against them, but the volatility is just mesmerizing Ive never seen anything like it.
added more up over 1000 shares accumulated. I believe we have something good here just need the right news, but the price is cheap.
interesting couple of weeks writing covered calls against the stock. Now whats really interesting is the options premiums for this Friday as of yesterday were fetching just under 20% of the current price, so for example the 31 call when I wrote it was around 5.80, I cant remember the share price but it was around there. Now today, the premiums are running around 10% or less (i.e. the 26.5 Call = 2.40 as of the close) which is what it was percentagewise early last week for last weeks expiration. So, the premiums deflate percentagewise as the price comes down (obviously the amount you get will go down, but its the percentage that is important to measure b/c it indicates how much you can make on your investment (less) and how much risk you take on (more). So I would not be opening new GME stock and associated covered call at current prices as I feel like the risk is now greater, BUT its interesting to look back in time and volatility in the end can be a predictor in some sense b/c look the price has come all the way down to 26 meaning any covered call at 31 - 33 is barely break-even - theres a reason why the premiums were so good yesterday and todays price reflects that reality, not that the price cant shoot back up, it can, and the percentage of premiums will also go up with that I am sure.
Anyway, I am covered to break-even for this week down to $25 and great gains above that. Is it worth the risk, I believe it is, but at the same time the stock went from 60 bucks all the way down to the 17s, so there is clearly downside risk but the covered calls do work in my favor, but only with good premiums. I feel more comfortable using the $20 share price as a point of opening positions, but thats not something I have control of, and I only bought in the $30 range b/c the premiums were so exorbitant, for a day.
IF the price does fall under $25, I would likely wait out the end of the week and write calls the following Monday, the problem becomes what are the premiums like and what strike prices to use, I would probably do a combination of strikes from $23 - $30 to at least break even but probably make money if that were the case.
Im also learning its good to have a couple hundred shares non-covered in case we get a great spike which as we have seen has indeed happened and just take profits on those positions when the spike happens.
Up to 660K of CVAT, at a penny I am very happy with this position down here. I would start taking profits around .014 towards 2 cents, not looking for a killing necessarily, but the time to accumulate at a penny has been now.
so for now we just wait for the next spike, and accumulate more if it drops under 3.50. How long that is, as I have always said, nobody knows, but I do believe we will get it. I think I will be more aggressive on selling if and as it reaches 7 bucks, maybe be completely out by 8 bucks, not sure.
Huge volume recently. Picked up 700K at .0014 over the last month, the stock is really cheap right here. Look at the balance sheet over the past year, quarterly loss has jumped around a bit but has hit the lowest point of $200K for this last quarter. So they are continuing a march towards break-even, the question is how will they get there exactly I am not sure, but at this price its worth the risk.
in good ole form, BTTR comes thru again with a spike to 7 bucks, wow, this is found money. The hard part is figuring out how much to sell, I didnt sell enough but its not easy to know if its going to run further especially since it was at 10 bucks not long ago. What causes these spikes I have no idea, its remarkable. Having GTC sell orders in place is helpful since things happen so fast.
On the buyback side I started at 5 bucks and as low as 3.55, again not perfect but it never is, it always go further than expected in both directions
Another dud for a day, thats fine, its a dud until its not a dud. Buying at .026 and lower, selling at .038 and higher.
once again it pulls back, unbelievable, so back into buying mode as low as .025x on Friday. If it keeps going down buy more, if it rallies back towards .04 sell, very similar formula. But the frequency it has done this is amazing