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Stock Thread (17 Viewers)
- Thread starter St. Louis Bob
- Start date
I wouldn’t say horrific as 8-9 would mean an amazing profit. Honestly, if you told me that you could have 10 guaranteed right now or there is a 25% chance of 30, I’d take the 10 and run.
I do agree it would suck to have amazing news and not get the chance to appreciate more than 8-9 because we own a large company stock where it doesn’t mean as much. That said, I got in at $1 and I own probably more than I should so basically getting that type of return in half a year would be amazing.
The General
Footballguy
cosjobs
Footballguy
Bob Sacamano
Footballguy
Here's how I'm approaching this, right or wrong. And I'm certainly not saying it's right for anybody but me.
1. This is still a lottery ticket. As with all lottery tickets, there's a small chance you get rich and a chance you end up with nothing. Maybe when all is said and done you just end up with your money back. But unlike the lottery, at least we all have individual control over every step between rich and $0.
2. When we bought in and this was still sub-$1 and nobody knew what COVID was, the base case from the CFO in that first conference call was, in his words, a conservative estimate of a $10 share price if they hit their target portion of the TAM for HIV. JUST HIV. They're filed for HIV, cancer is looking more promising now than it was then, and oh by the way, maybe COVID. So to me, that $10 point is the one at which I start to consider whether I want my basis back. That's NOT the right decision for everyone. It's not the way I was thinking about it in the beginning, but it's the way I've been thinking about it for some time now.
3. I'm still following @chet's lead on all this. His thoughts matter. He's closer to it than the rest of us. If something changes in his mind, and he makes us all aware of it, then it's worth our consideration, too. His confidence means something if you've been here for a long time. To me, at least.
4. Is it worth still buying in the $3s?
My basis is sub-$1. I identified a max amount I was willing to buy in for up front, and I'm there. Now, since the shares are worth considerably more, it's made me comfortable at the points the stock dips into the $2s to buy more, wait for it to get back into the $3s, and sell off 80% to recoup the basis on JUST those shares. So, I'm accumulating (effectively) small tranches of additional $0 basis shares. That's only slightly more risk than I wanted to take to do so. I'm good with it. Is taking that risk right for someone who has no other shares and wants in? Maybe? My feeling is there's money to be made here, but it's tougher sledding the rest of the way. Just don't overextend yourself. You wouldn't spend your mortgage payment on lottery tickets. See #1.
1. This is still a lottery ticket. As with all lottery tickets, there's a small chance you get rich and a chance you end up with nothing. Maybe when all is said and done you just end up with your money back. But unlike the lottery, at least we all have individual control over every step between rich and $0.
2. When we bought in and this was still sub-$1 and nobody knew what COVID was, the base case from the CFO in that first conference call was, in his words, a conservative estimate of a $10 share price if they hit their target portion of the TAM for HIV. JUST HIV. They're filed for HIV, cancer is looking more promising now than it was then, and oh by the way, maybe COVID. So to me, that $10 point is the one at which I start to consider whether I want my basis back. That's NOT the right decision for everyone. It's not the way I was thinking about it in the beginning, but it's the way I've been thinking about it for some time now.
3. I'm still following @chet's lead on all this. His thoughts matter. He's closer to it than the rest of us. If something changes in his mind, and he makes us all aware of it, then it's worth our consideration, too. His confidence means something if you've been here for a long time. To me, at least.
4. Is it worth still buying in the $3s?
My basis is sub-$1. I identified a max amount I was willing to buy in for up front, and I'm there. Now, since the shares are worth considerably more, it's made me comfortable at the points the stock dips into the $2s to buy more, wait for it to get back into the $3s, and sell off 80% to recoup the basis on JUST those shares. So, I'm accumulating (effectively) small tranches of additional $0 basis shares. That's only slightly more risk than I wanted to take to do so. I'm good with it. Is taking that risk right for someone who has no other shares and wants in? Maybe? My feeling is there's money to be made here, but it's tougher sledding the rest of the way. Just don't overextend yourself. You wouldn't spend your mortgage payment on lottery tickets. See #1.
Todem
Footballguy
Decline it.
A private equity group is trying to take a stake and they are offering you cash for shares.
Just decline the offer.
Interesting one.I bought a fair amount of BEP recently, big fan. Solid dividend and I think the future of the industry is bright.
Moonlight
Footballguy
I didnt get in at $1. Average cost is $3 A difference.
I'm focused on the homerun potential. If the drug is proven effective for covid selling now would be the worst time with the trial results due soon. If you believe what is being said about its overall potential for other disease, I think you need to wait. How many times in life do you have something with this potential presented to you? I never have had such an opportunity before and the opportunity doesn't appear to be built on straw. So I'm in for a longer time before I would drag some profit.
The other thing is if there is a buyout now it means someone knows more than you do and is looking to benefit at your expense.
Cost basis is a huge difference in what you’d be willing to sell at. The only reason I’d be ecstatic is that I’d be up well over $100k at $9 and I’d assume upside was limited at say PFE that I’d rather reinvest that.
Here’s to us all having to worry about how many millions we want to get out with!
Thanks.
If they want a stake, why don't they just buy shares on the market. And why would anyone consider selling for 83-88% of the share price?
LVGO at 73 premarket. Why didn’t I buy in the 20s in March or at 48 at the end of May in that big dig (watched TTD hit 270 SMH as well that day). Glad I jumped in at 60. Seems like a good day overall premarket. Just doesn’t want to stop rolling.
ConstruxBoy
Kate's Daddy
CR69
Footballguy
Given this is an MLP, what type of account is best to hold it in? I'm leaning towards the regular IRA.Interesting one.
unckeyherb
Footballguy
cydy opens at 3.82 now at 3.86
fantasycurse42
Footballguy Jr.
I basically agree with all of this. The buy alerts came in from Chet when this was trading in the high 20 cent range. It’s his tip, he’s invested, we know he’s a sharp dude, I follow him blindly on this one. I differ from this statement in one way:Here's how I'm approaching this, right or wrong. And I'm certainly not saying it's right for anybody but me.
1. This is still a lottery ticket. As with all lottery tickets, there's a small chance you get rich and a chance you end up with nothing. Maybe when all is said and done you just end up with your money back. But unlike the lottery, at least we all have individual control over every step between rich and $0.
2. When we bought in and this was still sub-$1 and nobody knew what COVID was, the base case from the CFO in that first conference call was, in his words, a conservative estimate of a $10 share price if they hit their target portion of the TAM for HIV. JUST HIV. They're filed for HIV, cancer is looking more promising now than it was then, and oh by the way, maybe COVID. So to me, that $10 point is the one at which I start to consider whether I want my basis back. That's NOT the right decision for everyone. It's not the way I was thinking about it in the beginning, but it's the way I've been thinking about it for some time now.
3. I'm still following @chet's lead on all this. His thoughts matter. He's closer to it than the rest of us. If something changes in his mind, and he makes us all aware of it, then it's worth our consideration, too. His confidence means something if you've been here for a long time. To me, at least.
4. Is it worth still buying in the $3s?
I just bought and held. I made one sale around $1.20 and rebought around 80 cents, this was a while ago. I feel I got lucky and decided I can’t sell to accumulate more and risk chasing higher. There were posters in here selling $3.50 last week, now what do they do? Sure, it can drop to $1.50, but it could also go to $5; avoiding those decisions will guarantee me the upside while I’m aware of the risks of $0.
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sporthenry
Footballguy
About to cross $4. Tough to chase here but if it gets into the retail stratosphere, there could be no stopping it. Not sure who was driving Friday's buying but seems like it's got some momentum.
Added 10% to my position at 3.90 and sold it at 3.99. Was hoping it would smash thru $4 and run.
Jayrok
Footballguy
This is me as well. It's in a separate IRA account from my other main retirement holdings (401k and another IRA, savings accounts). This account has CYDY and other stocks popular in this thread (e.g. DKNG, DFS, SE, BLMN, MGM and a few others). Trading BLMN in and out with the gang. It's a fun ride. The only RH rocket stock I was able to capitalize on was GNUS. For some reason I was able to get in that one at a good time. The rest of them were too high when I found out about them. Wish we could get that early info, but I digress.
I'm holding CYDY for the long haul (unless a buyout occurs that would make selling a wise decision. Like others, I will follow Chet's lead here).
In terms of numbers of shares held, CYDY is my largest holding in that particular account. But like you say, this account is full of stocks I'm taking chances on and I'm okay taking risks. It's also the account I do all of my options trades (that's up and down for sure). The majority of our retirement account funds are invested elsewhere and I don't want to gamble with them.
unckeyherb
Footballguy
Thanks to whoever mentioned VYST. I'm up 85% on that
eaganwildcats
Footballguy
Just holding the remaining shares. Certainly have the hindsight bias of wishing I went all in at $0.50 and never sold, but alas. I've put 20K into this thing and taken 40K out. Free-rolling the remaining 5K shares.
ghostguy123
Footballguy
Nobody likes the onion anymore 
unckeyherb
Footballguy
CYDY 4.02
unckeyherb
Footballguy
4.17. My goodness
chet
Footballguy
sporthenry
Footballguy
Obviously not as violent as some short squeezes but do you think this is just shaking the trees of the shorts? Or who is the incremental buyer? Can't be RH. Institutional would seem very positive.
chet
Footballguy
Soneone's buying the stock and I think it's an institution. I am hoping it's an investor and not big pharma.
Guinis72
Footballguy
Glad it's working out, I feel pretty lucky on that one since I was down 30% a week before I posted but am now up 342%. Lol. I want to say I wish I had initially invested more than $200 but that thing was so volatile, it would have have stressed me out too much if I did.
Charlie Harper
Footballguy
Damn. I hate having cash settled account. Sold some of my index fund to buy more CYDY on Thursday but didn't settle in time.
ex-ghost
Footballguy
NARI trading around $46.50, nearly what I paid on your first recommendation. I sold at $53 and am thinking about rebuying. Just wanted to bubble this back to the top of your wish list.Like more of the todem plays.
I feel like I can come back to NARI in a month or two and still be in the 50s.
Of course the more I type the less sense I feel like I am making.
ETA: I'm back in for 100 shares at $46.25.
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Sand
Footballguy
Chaz McNulty
Footballguy
I don't like hearing this.
DEF 14A sec filing
June 22, 2020
Dear Stockholder:
You are cordially invited to attend a special meeting of stockholders of CytoDyn Inc. (the “Company”) to be held at 9:30 a.m., Pacific Time, on Wednesday, July 22, 2020, at the Hilton Vancouver Washington, 301 W. 6th Street, Vancouver, Washington 98660.
The matters to be presented for action at the meeting are a proposal to increase the total number of authorized shares of common stock from 700,000,000 to 800,000,000 shares, as further described in the enclosed proxy statement, and a proposal to approve the adjournment of the special meeting to solicit additional proxies if there are insufficient proxies at the special meeting to approve the foregoing proposal.
We are excited about the future of our company and look forward to answering questions from our stockholders at our special meeting. Whether or not you can attend, it is important that your shares are represented and voted. Please sign, date, and return your proxy, or submit your proxy by telephone or Internet as instructed on the enclosed proxy card.
Sincerely,
LOGO
Nader Z. Pourhassan, Ph.D.
President and Chief Executive Officer
DEF 14A sec filing
June 22, 2020
Dear Stockholder:
You are cordially invited to attend a special meeting of stockholders of CytoDyn Inc. (the “Company”) to be held at 9:30 a.m., Pacific Time, on Wednesday, July 22, 2020, at the Hilton Vancouver Washington, 301 W. 6th Street, Vancouver, Washington 98660.
The matters to be presented for action at the meeting are a proposal to increase the total number of authorized shares of common stock from 700,000,000 to 800,000,000 shares, as further described in the enclosed proxy statement, and a proposal to approve the adjournment of the special meeting to solicit additional proxies if there are insufficient proxies at the special meeting to approve the foregoing proposal.
We are excited about the future of our company and look forward to answering questions from our stockholders at our special meeting. Whether or not you can attend, it is important that your shares are represented and voted. Please sign, date, and return your proxy, or submit your proxy by telephone or Internet as instructed on the enclosed proxy card.
Sincerely,
LOGO
Nader Z. Pourhassan, Ph.D.
President and Chief Executive Officer
