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I got my cost basis out of CYDY when I had a four-bagger. If chet is up 30-40X, it would be portfolio malpractice if he didn't take a little off the top. Might take 50K shares or more to get his cost basis back, but chet would still have a substantial pile.

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12 minutes ago, Acrobat7 said:

Where do you see this? I see €8.50 at Stuttgart with is about USD 9.50.

Bloomberg’s shows the high at €9.12 for the day which was a few hours ago

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11 hours ago, This_Guy said:

I think a part of this party would have to take place at the onion .

There used to be an Outback at Casino Royale, with great views of the Mirage volcano. Don't know if it survived.

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There should be a book about this somewhere to help investors. So your stock has gone parabolic, now what?

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42 minutes ago, fantasycurse42 said:

There should be a book about this somewhere to help investors. So your stock has gone parabolic, now what?

Hodl

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7 hours ago, chet said:

Based on the action at today’s close, I think I’m the updraft will continue tomorrow. I don’t know if that means $9or $10 or $11 but I am holding for that. I may take some profits up 30-40x. 

I have been congratulating myself for the self restraint of not buying more.

This (taking profits) presents a challenge, tough call.  If I sold 20% at $10 I’d lock in a 15% profit, rest free ride.  But I’d increase my $1MM stock price number :kicksrock:

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Posted (edited)
7 hours ago, BassNBrew said:

 

7 hours ago, chet said:

Based on the action at today’s close, I think I’m the updraft will continue tomorrow. I don’t know if that means $9or $10 or $11 but I am holding for that. I may take some profits up 30-40x. 

Oh no...This is the first negative news I've sen in 2 weeks.

 

https://youtu.be/8782KIj_rKw 

Edited by adonis

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7 hours ago, chet said:

Based on the action at today’s close, I think I’m the updraft will continue tomorrow. I don’t know if that means $9or $10 or $11 but I am holding for that. I may take some profits up 30-40x. 

What % of your shares would you be selling?  I am in a weird spot, it this thing goes over 20.  I can retire asap and have a pretty nice lifestyle.  

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4 minutes ago, Random said:

Its climbing pretty good pre market now.

Yeah, I expect it to climb to almost 10 judging from 2 trades in Germany.

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8 minutes ago, Golf Guy 69 said:

What % of your shares would you be selling?  I am in a weird spot, it this thing goes over 20.  I can retire asap and have a pretty nice lifestyle.  

Congrats Cav.  Well done.

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12 minutes ago, Golf Guy 69 said:

What % of your shares would you be selling?  I am in a weird spot, it this thing goes over 20.  I can retire asap and have a pretty nice lifestyle.  

How many yachts can you water ski behind? 

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Posted (edited)

If I were @chet I'd pull down 25-33%. 

If it goes to 20 then you're costing yourself about 3-4MM, but you're also locking in a nice chunk in the event Phase 3 comes back bad. These small Biotechs can be unpredictable.

But I also pulled my cost basis out by selling 1/3 of my position at the first 3.50 spike, so WTF do I know :lol: 

The good news Is I think we are now realistically looking at a floor in the $2-4 range... if #### news came out (barring something completely catastrophic) 

 

 

Edited by [icon]

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Posted (edited)
20 minutes ago, [icon] said:

If I were @chet I'd pull down 25-33%. 

If it goes to 20 then you're costing yourself about 3-4MM, but you're also locking in a nice chunk in the event Phase 3 comes back bad. These small Biotechs can be unpredictable.

But I also pulled my cost basis out by selling 1/3 of my position at the first 3.50 spike, so WTF do I know :lol: 

The good news Is I think we are now realistically looking at a floor in the $2-4 range... if #### news came out (barring something completely catastrophic) 

 

 

Yah, I just did the math and actually not terrible because its already gone up so much with a $ cost avg of $1.88.  If I pull out 20% it increases my $1MM target price by 10%.

F short term capital gains tax though

Edited by djmich
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2 hours ago, Caesar said:

Apologize because I know its been posted before, but can't seem to track it down.  Advice on books, videos, audio to listen to so I can start understanding more than just the basics?? 

TIA

Are you wanting books on personal finance, economics, trading or...?

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4est is a long ways away, plenty of time to decide today. Set my alarm for pm, guess no golf this morning :bag: 

#notselling

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2 minutes ago, CR69 said:

Are you wanting books on personal finance, economics, trading or...?

Trading.  I know a bit about finance and economics, but never really delved much into trading.  Mostly just sat my money in the company 401K... blah blah blah

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8 hours ago, chet said:

Based on the action at today’s close, I think I’m the updraft will continue tomorrow. I don’t know if that means $9or $10 or $11 but I am holding for that. I may take some profits up 30-40x. 

That won’t trigger anything the mutual funds are doing will it?  
 

if they see sales less than one dollar cost basis, will they then stop purchasing?

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9.25/9.30 spread right now on CYDY 

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4 minutes ago, ghostguy123 said:

Whatever SHIP is, it's up like 1200% premarket.  

 

I don't see this.

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Posted (edited)
4 minutes ago, identikit said:

I don't see this.

Pretty sure a reverse split is in play. Davey spiked this one a few days back. Rando tanker stock with a "cool ticker".

Edited by eaganwildcats

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6 minutes ago, ghostguy123 said:

Whatever SHIP is, it's up like 1200% premarket.  

 

Your app may be malfunctioning again.  Looks down 15% in premarket.  

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3 minutes ago, eaganwildcats said:

Pretty sure a reverse split is in play. Davey spiked this one a few days back. Rando tanker stock with a "cool name".

Yep, reverse split.  

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11 minutes ago, Caesar said:

Trading.  I know a bit about finance and economics, but never really delved much into trading.  Mostly just sat my money in the company 401K... blah blah blah

Sorry, no help there. You can register for a paper account on thinkorswim if you want to test out some theories and/or the mechanics of trading in real time though. 

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3 minutes ago, Jayrok said:

Yep, reverse split.  

16-1 so it’s technically still down market cap wise and if you had 16 shares you now have 1 worth less than the 16 you had yesterday. 

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13 minutes ago, [icon] said:

9.25/9.30 spread right now on CYDY 

9.52/9.57 now

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54 minutes ago, Acrobat7 said:

Yeah, I expect it to climb to almost 10 judging from 2 trades in Germany.

Well on its way. 9.60. This is amazing

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1 minute ago, eaganwildcats said:

Well on its way. 9.60. This is amazing

If somebody buys CYDY shares for USD300k at USD 9.70 via the illiquid German exchange then you somewhat know what this investor expects. 

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49 minutes ago, [icon] said:

If I were @chet I'd pull down 25-33%. 

If it goes to 20 then you're costing yourself about 3-4MM, but you're also locking in a nice chunk in the event Phase 3 comes back bad. These small Biotechs can be unpredictable.

But I also pulled my cost basis out by selling 1/3 of my position at the first 3.50 spike, so WTF do I know :lol: 

The good news Is I think we are now realistically looking at a floor in the $2-4 range... if #### news came out (barring something completely catastrophic) 

 

 

These are exactly my thoughts. Frankly, I am surprised that chet and his company have not sold enough to cover their cost basis at this point. If they bought a million shares at a average cost of $1 (I know it is lower than that), they only need to sell about 10% to get to even. His steadfast holding has served to inspire me to hold longer than I typically would, so thanks for that, but I have taken profits at several benchmark numbers and look to sell a bit more around $10. I guess it all comes down to our level of risk tolerance (and in my case, trying to balance the holdings in my Roth). Good problems to have.

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Posted (edited)
47 minutes ago, djmich said:

Yah, I just did the math and actually not terrible because its already gone up so much with a $ cost avg of $1.88.  If I pull out 20% it increases my $1MM target price by 10%.

F short term capital gains tax though

I’m not worrying about short term tax. I’ll get destroyed in my taxable account since my wife and I work, but this is about capturing the gains not waiting a year. The results would have to be epic to the point where you felt like it would be a long standing biotech company.

I wonder if there was a buyout if we’d be stuck with short term taxes regardless. I’d say PFE bought them and we got shares of PFE instead, are you automatically stuck with short term gains and the cost basis starts over with the PFE shares? Or, do you continue the progress towards getting long term because you didn’t technically ever put in a sell order? If it’s the latter, some of us might actually welcome a buyout because it’s less risky to hold a giant company like PFE for another 6-7 months to reduce the taxes 20-25%. 2/3rds of my shares are in an IRA so that I’ll sell whenever necessary.

Darn, I checked and an acquisition would hit us all with short term taxes on anything not in an IRA (Roth or traditional) or other self-managed retirement vehicle.

Edited by stbugs

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This is just ridiculous at this point. 

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4 minutes ago, Harris said:

This is just ridiculous at this point. 

Yes.  FOMO kicking in with me, but I am gonna hold and not buy more.  I only own 1000 shares.  At one point I think I had almost 5000.

I suck at getting rich

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2 minutes ago, Harris said:

This is just ridiculous at this point. 

:goodposting:

I (unfortunately) don’t have enough to impact retirement or anything near that magnitude, but still a decent chunk of change.  More significantly for me, it’s been fun following along knowing just how much Chet and a few others have at stake here and running back the what if (I had been more carefree or had bigger balls) and dumped just a bit more into this one.  Awesome ride this has been, and it’s not over!

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Somebody just took some profits and dropped it to $9

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Just now, ghostguy123 said:

Yes.  FOMO kicking in with me, but I am gonna hold and not buy more.  I only own 1000 shares.  At one point I think I had almost 5000.

I suck at getting rich

I've had the itchy trigger finger to buy more as well, but I am going to let this ride. Have 13,000 shares, but not at that ridiculously delicious .30 per share. I am averaging more along $5/share.

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2 minutes ago, CR69 said:

Somebody just took some profits and dropped it to $9

Rebounded well. That is the fear. If the buyer or two dries up, thing could drop a few bucks in the blink of an eye. But if it absorbs a few sellers, that is a really good sign. 

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3 minutes ago, sporthenry said:

Rebounded well. That is the fear. If the buyer or two dries up, thing could drop a few bucks in the blink of an eye. But if it absorbs a few sellers, that is a really good sign. 

Big volume

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4 minutes ago, sporthenry said:

Rebounded well. That is the fear. If the buyer or two dries up, thing could drop a few bucks in the blink of an eye. But if it absorbs a few sellers, that is a really good sign. 

Nice volume in the first 15 minutes - almost 4 million shares trades as we blow through $10

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$10 seems like a psychological boundary. Would guess that is when a lot of us simpletons think about taking some profits. Will be interesting if it just plows right through it. 

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