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Anon is still proving right when he said S*** HFs would try to push this under $3 and retest lows. A squeeze is inevitable, but this is painful to watch right now.
Is that drop based on any TA? IMO we could see a drop Monday as penny flippers take profits but this is a mid-long term hold for some serious gains. 2 new revenue streams open with EU approval not far off most likely. Add in $400MM in cash on hand, no competition in this space for at least 5 years, and other drugs in the pipeline and it’s not hard to imagine CCXI running close to $100 by this time next year or sooner IMO. Bear case is an offering but don’t see CCXI needing to do that now that they have solid market opportunity in front of them.
Full disclosure: 623 shares at $18.90 so you best bet I’m a happy camper today!
Just re-allocated from AMC to here! Japan approving Avacopan helps FDA approval bigly. One CC out for Oct. 15th at $25 strike and holding around 500 shares for October 7th results. Hoping for $50+!
$SOFI must be underpriced because the FUDsters are out in full force: https://investorplace.com/2021/08/sofi-stock-is-still-overpriced-after-its-most-recent-nosedive/
I'm in at a bit higher than I want to be but wouldn't consider myself a bag holder just yet. 600 shares, Avg. $16.79 but collected a nice $300 dollar premium last week.
Really hoping we see IV start to creep up here. I'm hoping this to be my weekly premium printer, but with the whole market being red today, waiting to see if we get a recovery tomorrow. GLTY!
Anything that sends us north is fine by me! CRL is unlikely IMO and even if it did happen, I believe it’s already priced in. We’ll see though! Happy 4th if you’re in the USA!
AH looked strong today. Hoping to see some FOMO buying rush in Tuesday followed by approval Wednesday!
Good luck to you as well!
Hopefully you're watching with some shares in hand! We've gone from $9.50 to the current level of $14 in a fairly short time! Strapping in for a ride to the moon!
Surprised this board hasn't been more active lately. CCXI is building a nice base ahead of approval. $18 by EOW isn't out of the picture imo. Get in now while it's on sale! If PDUFA goes as expected, its a free ride up to $50-60 short term and $100+ by EOY!
Yeah that's all she wrote. Out at a 21% gain. More lessons learned!
I saw another wall around $17.05 which we broke briefly but bounced back down under. Think that might be the next line before a move up. This thing is either running big tomorrow or tanking big tomorrow. There's no in between imo lol
We just got a clean AH break over $16.75 resistance. Wonder if we'll see it fly now?
Stop loss in at my average of $10.95... have a bad feeling about this but guess we'll see
Hmm... well my price target was $75 but now I'm reconsidering. FDA approval seems likely but the question is, is that enough to launch it
Are we still thinking high odds of approval, regardless?
Nevermind, back on! Here we go!
Bloody day today and a weak close.. Grateful for green today at least but ouch..... Whole markets were getting slaughtered so that probably explains most of it. Really wish we could see a 60+ close today but probably not going to happen.
If you want in, now's your chance! Dip below $18!
Congratulations my friend! Celebrating with you!
There's $20!
Whole float traded already! Should be a great battle at this level and hopefully a breakout following shortly!
We could see $20 easily if pre-market is any indication! Amazing!
Thinking about throwing some $$ on Aug 20 or Nov. calls here. 50/50 coin flip to pay off my mortgage? Sounds great to me!
AH looked real strong today. Held above $12.50 easily. Time for more shorts to burn!
Hope to get to your level some day. I'm just starting out in investing. My goal is to make a million in 2022, but I need some thing to go my way first. Started off with $2,500, so far up to $12,000.
Have a few high risk, high reward plays I'm hoping to get in to, but I'm not ready to pull out of AMC or CLOV just yet. Hoping we get to some target prices soon so I can make it happen!
Thanks!! Glty!
Completely agree! I run the 10% options, 90% regular stock strategy. Sitting on 40 shares of CLOV. Like I said, don't have a lot right now but fortunes are changing for me with this and AMC :)
GLTY! Beginner here sitting on a couple of options contracts for 8/20 at $12.50. Up 120% today! Between this and AMC, I'm feeling great this week!
Ohhh **** Greeves caught on! It's official now!!
If this breaks through $12.50 and holds AH, we should be set up for a nice breakout tomorrow imo. Volume and FOMO driving a lot of the price action. Going to be an exciting week!
Wonder if this will have an impact. Time will tell!
Hoping for the best, preparing for the worst. From what I've been seeing, PR like this almost has the opposite effect. It's all mind games.
I'm still bullish and holding for the squeeze. Call it cautiously optimistic.
Microscopic "covering" and a short borrow fee of 19.8%? brb grabbing my popcorn for some fireworks! :D
https://iborrowdesk.com/report/AMC
Much appreciated! Also a big fan of the user abbreviation! hahaha
Something to remember too:
Small apes like me aren't trading on margin. So if we sell and went right back in to buy, then sold again, we'd get GF violations because of T+ regulations.
I feel like T+ regulations are often overlooked and are honestly part of the reason I hold on too. I believe in the potential of the AMC squeeze, but profit taking temporarily and trying to time the market just won't work w/ T+ regs in the way
Really wish we could get a spam ban here.....
Well the way I see it, I held on to the red for so long, if my green number gets a little smaller temporarily, oh well! This isn’t done running yet as evidenced by pre-market and options. Diamonds are forged under pressure!
With you here too. I'm a baby ape w/ an XXX position but kicking myself for not selling other positions at a loss and bolstering my holdings w/ some options.
I'm still a pretty new trader so I'm just grateful to be in the green here ;)
It means we're gapping up at a rate that exceeds market circuit breaker limits. So I'd say good since short losses are piling up hard :)