Fantasy Football - Footballguys Forums
Welcome to Our Forums. Once you've registered and logged in, you're primed to talk football, among other topics, with the sharpest and most experienced fantasy players on the internet.
Stock Thread (25 Viewers)
- Thread starter St. Louis Bob
- Start date
dkp993
Footballguy
So this PR comes out which to me looks like great news and the stock immediately drops 10%? What gives?
Did the PR statement say anything new? Seemed pretty basic.
I’m assuming the stock will hang around this level for a while until some new results come out like the one that took it from 1 to around 1.50.
Last edited by a moderator:
dkp993
Footballguy
I thought the file for treatment of all solid cancers was new. Breast cancer and HIV (possible coronavirus) is all I remember before.
General Malaise
Footballguy
Buy the rumor sell the news....
dkp993
Footballguy
To be clear I’m not worried about the swing in price, it’s been doing that a lot. I’m just wondering if I missed something or misread the PR. It seems like good news to me yet the market reacted differently.
Last edited by a moderator:
Yeah, I think it’s good news but probably not enough info over the last PR.To be clear I’m not worried about the swing in price, it’s been doing that a lot. I’m just wonder if I missed something or misread the PR. It seems like good news to me yet the market reacted differently.
chet
Footballguy
The stock has more than quintupled in 6-7 weeks. You can't expect volatility to only go one way. My advice to you is to use weakness to add and if you're not buying, then ignore the short term noise.
eaganwildcats
Footballguy
chet
Footballguy
They're entitled to their opinion, but unless they cover their short position, they will get murdered. Many factual errors in their analysis IMO.
dkp993
Footballguy
McBokonon
Footballguy
chet
Footballguy
Bob Sacamano
Footballguy
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.
chet
Footballguy
Today was any first purchase in a while. Next week, I plan to buy more and perhaps get close.
![[icon]](/data/avatars/m/5/5167.jpg?1660313464){kind=avatar}
[icon]
Insoxicated
chet
Footballguy
Taxguy
Footballguy
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!
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!
GoBirds
Footballguy
Bob Sacamano
Footballguy
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.
Personally, I can live with that.
chet
Footballguy
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.
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.
IC FBGCav
Footballguy
chet
Footballguy
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.
Last edited by a moderator:
IC FBGCav
Footballguy
kevzilla
Footballguy
They announced a secondary offering last week, which would have been the time to go long.
djmich
Footballguy
BroncoFreak_2K3
sucker for Orange
urbanhack
Fight The Power!
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/
Sputnikv8
Footballguy
BroncoFreak_2K3
sucker for Orange
I still believe
joker
Footballguy
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.
chet
Footballguy
chet
Footballguy
NajehHejan
Footballguy
Link? I can’t find this anywhere.pecorino said:
