*very painful
Bottom line is, I truly believed this was the best time/opportunity to get leverage as I knew the data would be great, and I also knew all of the potential FUD (we allllll knew MO, cash raising, BP against us). I feel we made the right play...in an asymetrical bet, as JL correctly states, leverage is your best friend. I lost my option premium...but in the back of my head was already counting the chickens before they hatched. So I’m down like I lost 10 million instead of 800k. I can tell you it’s much easier trading unemotional behind a screen and relying on math (as derivative traders do) than researching, betting your own money, and getting emotionally involved.
That said, I’m still up a lot on amarin, and although we’re down, haven’t sold any and don’t plan on selling any. I am trying to keep my friends from selling as well, but won’t go so far as to insure their money like HDGabor (he is a better man than I!)
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