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5 hours ago, eaganwildcats said:

Professional shorters, like Muddy Waters and their piece on Luckin. Right or wrong, they're doing it specifically with the goal of driving down the price to make money on their short. 

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22 minutes ago, Bob Sacamano said:

Professional shorters, like Muddy Waters and their piece on Luckin. Right or wrong, they're doing it specifically with the goal of driving down the price to make money on their short. 

Yep.

That doesn't mean @chet isn't taking the whole FFA on a massive Pump and Dump to make his second Billion. ;) 

 

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56 minutes ago, pecorino said:

You getting to within shouting distance of a million shares?

Today was any first purchase in a while.  Next week, I plan to buy more and perhaps get close.  

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I'm just bummed I didn't get in on the ground floor when Chet first told us about this.  I only got a 50% gain, not 500% .

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6 minutes ago, Otis said:

I'm just bummed I didn't get in on the ground floor when Chet first told us about this.  I only got a 50% gain, not 500% .

I'm down 9% so don't be TOO bummed :lol: 

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8 minutes ago, Otis said:

I'm just bummed I didn't get in on the ground floor when Chet first told us about this.  I only got a 50% gain, not 500% .

You were afraid to win.  

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Have to admit I was a little bit bummed to see the stock price down today, but it was pretty impressive seeing the volume at 8.8M!  Wonder if people are testing other investors stop losses to acquire more shares. Or short sellers or both.

Got to listen to the conference call and was hoping for some earth shattering news.  They did announce they signed (or are going to sign) a non binding agreement with a Chinese big Pharma company for Corona and cancer.  Thought that was very positive.

the thing I liked the most was the last question asked with around 2 minutes left regarding the stock price activity today. I’m paraphrasing but the CEO said that if everything lines up with cancer,  double digits will not be right price for this stock.  Then he said triple digits would still not be enough. He said the stock price would be high triple digits!  He even said make sure this is being recorded so we can go back to it later!

I will settle for middle triple digits! 😂

 

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1 hour ago, [icon] said:

I'm down 9% so don't be TOO bummed :lol: 

We got in just at the right time, Oof. :toilet:

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Don't think there's much middle ground, where this settles in as a $2-$10 stock long-term. Though maybe some of us get out there and are satisfied with that. I tend to think either it is what they think/claim and it goes much higher or it isn't and we all end up some form of #### out of luck.

Personally, I can live with that.

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If I had any balls I'd sell every put naked on virus news tanking the Dow tomorrow. 

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"Corona rules everything around me Virus get the bodies, dollar dollar bill ya'll"

 

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20 hours ago, eaganwildcats said:

They've produced a report and are apparently going to aggressively attempt to undermine confidence in CYDY.  There are many lies and untruths in the report and where there's any kind of grey area, they've chosen to take the negative or cynical side.  I believe short selling can be a healthy alternative but these guys are scumbags with the goal of destroying a company with their lies. 

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On 12/7/2019 at 7:41 AM, Bossman said:

I hadn't even considered this. Lock in profit and move on to the next one.

This just seems like free money. I kept looking at it like there must be something that I'm missing.

Nope. Free money. I wish that I sold 100 puts instead of just 20. Would have been an easy $12k.

Hello again, Bossman. I came across a recommendation for BHVN, don't remember where, maybe the FBG stock pick 'em for 2020. Anyway, it looks like one that might be appealing to you. No news that I can find set to break between now and Feb 21 (earnings reported on 2/27). Stock is trading in the mid 53s. You can sell the Feb 21 puts with strike price of $50 and make somewhere around $400 (very thinly traded so I'm not sure what price you'd get). The upshot is that you put up $5000 in capital and need to buy 100 shares at $50 in two weeks (not a bad proposition) if it trades sub-50, or more likely, you just pocket the premium which is about a 8% return on that capital (juicy).

Disclosure: I bought 100 shares at $53.50, I sold one 2/21 call against it with strike of $55, netting $450 premium and I've also sold one of those puts described above. My thought is that it has been trading in a channel between 50 and 60 and I'm happy to collect those premiums especially with such a short time horizon.

 

 

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Sold 2 shares of UNH yesterday to have a tiny bit of play money for CYDY. Now I just wait and watch that ticker.

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2 hours ago, chet said:

They've produced a report and are apparently going to aggressively attempt to undermine confidence in CYDY.  There are many lies and untruths in the report and where there's any kind of grey area, they've chosen to take the negative or cynical side.  I believe short selling can be a healthy alternative but these guys are scumbags with the goal of destroying a company with their lies. 

Are they going to destroy it?  I just bought 25k more shares.  

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7 minutes ago, IC FBGCav said:

Are they going to destroy it?  I just bought 25k more shares.  

No because CYDY is a real company.   You can't scam the FDA and they will file the BLA for HIV.  The FDA will also rule on their BTD for breast cancer.  Someone will be proven right and my money is on CYDY.

Edited by chet
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8 minutes ago, chet said:

No because CYDY is a real company.   You can't scam the FDA and they will file the BLA for HIV.  The FDA will also rule on their BTD for breast cancer.  Someone will be proven right and my money is on CYDY.

Mine too.  Between me and the wife close to 100k, in shares.

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Total noob to stocks.  Downloaded RobinHood though and am gonna throw a couple thousand dollars into it for fun. Am I a complete idiot in that I can't find CYDY on the robinhood app or site?

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2 hours ago, pecorino said:

I came across a recommendation for BHVN, don't remember where, maybe the FBG stock pick 'em for 2020.

:hey:

They announced a secondary offering last week,  which would have been the time to go long.

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1 hour ago, IC FBGCav said:

Mine too.  Between me and the wife close to 100k, in shares.

Daaamn, nice chunk of change.  Good luck!

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40 minutes ago, the moops said:

Total noob to stocks.  Downloaded RobinHood though and am gonna throw a couple thousand dollars into it for fun. Am I a complete idiot in that I can't find CYDY on the robinhood app or site?

Maybe because it’s OTC?

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1 hour ago, the moops said:

Total noob to stocks.  Downloaded RobinHood though and am gonna throw a couple thousand dollars into it for fun. Am I a complete idiot in that I can't find CYDY on the robinhood app or site?

I opened up a savings account through Ally a few years ago because they have roughly 2% interest. They now have investment accounts:  https://secure.ally.com/products-and-rates/self-directed-trading/

 

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6 hours ago, IC FBGCav said:

Mine too.  Between me and the wife close to 100k, in shares.

:shock:

Holy... 

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It was a run 😢

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Lol. Yikes. As a sideline observer, what did you all buy in at? 

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I'm a little fish compared to Chet and others, but my shares are at an average of $.63. I bought a bunch at $.30 but also some anywhere from $.60 to $1.37. The $1.37 price was definitely FOMO for me when it was on the rise. Too bad I was paying attention that day, or else I'd have a much lower average cost. I'm still a believer and in it for the long haul, and I'm only using money I can afford to lose, but it was definitely nicer when it was shooting up LOL.

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59 minutes ago, Otis said:

:cry:

 

Relax.  I am buying more next week.  

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51 minutes ago, Capella said:

Lol. Yikes. As a sideline observer, what did you all buy in at? 

I am in at $0.35 but will be adding next week.

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On 2/6/2020 at 4:35 PM, pecorino said:

Looks like a delay in filing the BLA until the end of the month. Some more time to accumulate as it will probably drift lower on no news until then.

Link? I can’t find this anywhere.

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1 hour ago, NajehHejan said:

Link? I can’t find this anywhere.

Look for the smoldering piles on the tarmac

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2 minutes ago, cosjobs said:

Look for the smoldering piles on the tarmac

Settle down.  Even now, the stock has tripled in 7 weeks.  Today, there was a report from a known short seller that not only distorted many facts but also introduced lots of lies.  Lots of good news this week including filing the basket request for solid cancer tumors, partnership in China and results for patient 4.  Definite buying opportunity.  

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7 minutes ago, chet said:

Settle down.  Even now, the stock has tripled in 7 weeks.  Today, there was a report from a known short seller that not only distorted many facts but also introduced lots of lies.  Lots of good news this week including filing the basket request for solid cancer tumors, partnership in China and results for patient 4.  Definite buying opportunity.  

In general I think this is sound advice across the board.  I’m not saying this specifically for this stock as I’m not familiar with it—but soo many people think that a market should do nothing but go straight up—and that’s not the case. A market that goes straight up with no peaks and valleys is set up to fall meteorically.  If you truly believe in a company-you don’t let day to day price fluctuations freak you out. If those fluctuations freak you out—you’re probably not a true believer.  It’s healthy for a market to have a few bad days sprinkled in—its no different than when we in Southern California have a minor earthquake. While it might not feel comfortable—its better that the earth releases a bit of energy instead of building it up for something catastrophic. 

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25 minutes ago, chet said:

Settle down.  Even now, the stock has tripled in 7 weeks.  Today, there was a report from a known short seller that not only distorted many facts but also introduced lots of lies.  Lots of good news this week including filing the basket request for solid cancer tumors, partnership in China and results for patient 4.  Definite buying opportunity.  

I can't even figure a way to buy this stock and someone figured a way out to sell it short?

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5 minutes ago, culdeus said:

I can't even figure a way to buy this stock and someone figured a way out to sell it short?

Open a TD Ameritrade account, shoot the lock off your wallet, send some $$$ over and you can buy it.  Probably sell it short there too but I haven't looked.

ETA:  I can't imagine it's hard or expensive to borrow but again, I haven't checked.

Edited by chet

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I want to make something clear.  I don't know where the stock is going in the short term--volatility works both ways.  I don't know how how committed to their short the sellers are.  However, I am going to buy more next week and in a selfish way, I hope I am able to buy lower.  That being said, I am confident in the long term future of the drug and will add regardless.  

However, I would caution people to not get overexposed to the position.  

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On 1/30/2020 at 10:15 AM, General Malaise said:

@chet I checked the short interest on CYDY and note that it spiked from 118,706 shares short on Dec. 13, 2019 to 2.7 Million shares short on Dec. 31 and now to 3.6MM as of Jan 15.  Is this just opportunistic short selling or is the a good short case to be made on this one?

Ahhhhhh, now it makes more sense.  Bet the people behind the short report were the very same who caused the spike in shares short in such a quick period of time.  Scum bags.  Seen this movie before. 

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28 minutes ago, General Malaise said:

Ahhhhhh, now it makes more sense.  Bet the people behind the short report were the very same who caused the spike in shares short in such a quick period of time.  Scum bags.  Seen this movie before. 

Anytime a stock goes up so much, there will always be naysayers.  I think it's healthy until they start lying and trying to manipulate the price.  TBH, I relish the day when they have to cover.  I AM LONG AND BUYING!!!!

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9 hours ago, chet said:

Open a TD Ameritrade account, shoot the lock off your wallet, send some $$$ over and you can buy it.  Probably sell it short there too but I haven't looked.

ETA:  I can't imagine it's hard or expensive to borrow but again, I haven't checked.

What must the margin reqs be to sell an OTC short. 90%LTV? 

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13 hours ago, NajehHejan said:

Link? I can’t find this anywhere.

I gleaned this info from a comment in the Yahoo conversations about CYDY so make with it what you will. The comment was made by a poster who apparently listened to the conference call, which I did not.

"Did you even listen to the call before you started bashing. So the BLA is delayed, sh_t happens, especially when dealing with FDA. What I tuned into was the NDA in China. NDA for financing with reputable lender in US Talks developing in Europe. And above all, the cancer results don't lie. Go ahead and short or take your money and run But like Nader said, this is not a double or triple digit stock- give it time and patience and see if you trying to short for hundreds was worth missing out on many, many thousands."

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I side with Musk in thinking shorting should be illegal. If you don’t like a stick, buy something else. Instead, as it is today, you buy short and start spreading misinformation and outright lies in an attempt to drive down a stock. 
 

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General question but what normally happens to casual investors who have shares of a company that is bought out?  I only have a couple thousand shares in CYDY but I see some here have quite a lot.  If the company is bought by a big biotech company, like Gilead for instance, what typically happens to the shares of investors?  TIA

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8 minutes ago, Jobber said:

I side with Musk in thinking shorting should be illegal. If you don’t like a stick, buy something else. Instead, as it is today, you buy short and start spreading misinformation and outright lies in an attempt to drive down a stock. 
 

Kinda par for the course with OTC stocks. 
Oh well. Stay Long!!

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2 minutes ago, Jobber said:

I side with Musk in thinking shorting should be illegal. If you don’t like a stick, buy something else. Instead, as it is today, you buy short and start spreading misinformation and outright lies in an attempt to drive down a stock. 
 

Hold up....

I agree that there are disreputable people on both sides of the investment spectrum and that this "Culpepper Research" is beyond shady (there is literally nothing out there about them other than their suspect website) but making short selling illegal is a ridiculous and even dangerous idea.  It is THE riskiest way to try and turn a profit (not to mention expensive as the negative rebates can eat you alive) and very few can do it successfully over time (and the number of dedicated shorts has dwindled in this melt up).  That said, short sellers play an integral roll in markets, specifically when it comes to spotting frauds, cooked books and potential bubbles.  They can keep markets honest.  Shorts called the Enron fiasco, the tech bubble and most importantly the housing bubble and its toxic assets.  Don't forget that; that is critical to our history and the people screaming about it were right and should be treated accordingly.  

Pump and dump is akin to these shady short shops doing their thing, but to call for an outright ban on short selling is irresponsible and reeks of whining. 

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11 minutes ago, Jayrok said:

General question but what normally happens to casual investors who have shares of a company that is bought out?  I only have a couple thousand shares in CYDY but I see some here have quite a lot.  If the company is bought by a big biotech company, like Gilead for instance, what typically happens to the shares of investors?  TIA

Depends on the terms of the deal,  but you usually wind up with the buying company's stock. So, if GILD agreed to pay 2.00 per share for CYDY, you'd get whatever that calculates to in GILD shares unless you sell. 

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12 minutes ago, McBokonon said:

Depends on the terms of the deal,  but you usually wind up with the buying company's stock. So, if GILD agreed to pay 2.00 per share for CYDY, you'd get whatever that calculates to in GILD shares unless you sell. 

You can also get cash and shares too.  Lotta different outcomes.

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1 hour ago, Jobber said:

I side with Musk in thinking shorting should be illegal. If you don’t like a stick, buy something else. Instead, as it is today, you buy short and start spreading misinformation and outright lies in an attempt to drive down a stock. 
 

Because going long on a stock prevents you from talking it up?

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