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Stock Thread (21 Viewers)
- Thread starter St. Louis Bob
- Start date
eaganwildcats
Footballguy
djmich
Footballguy
If somebody buys CYDY shares for USD300k at USD 9.70 via the illiquid German exchange then you somewhat know what this investor expects.
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.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
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)
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.
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beef
Footballguy
ghostguy123
Footballguy
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 (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!
ex-ghost
Footballguy
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.
sporthenry
Footballguy
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.
eaganwildcats
Footballguy
HugeUpside
Footballguy
I'd say it rebounded. Freight train a comin'.
$10.00
$10.00
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Nugget
Footballguy
Nice volume in the first 15 minutes - almost 4 million shares trades as we blow through $10
sporthenry
Footballguy
$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.
Jayrok
Footballguy
Random
Footballguy
ex-ghost
Footballguy
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cosjobs
Footballguy
sporthenry
Footballguy
A close above $9.50 seems like a big win. Obviously $10 is resistance and seems like getting a good wave of selling. Just given where most bought in, could trigger a lot of profit taking.
ex-ghost
Footballguy
ghostguy123
Footballguy
Zegras11
Footballguy
First hour action is pretty similar to yesterday. The one big dip down. And about 7-8 small dips
I completely agree a close above 9.50 would be a big win. 10 is such a mental barrier but it seems to have found its corridor between a 9.50 floor and a 10 cap for now.
ex-ghost
Footballguy
JoeSteeler
Footballguy
bshell27
Footballguy
-OZ-
Footballguy
Thanks
I have no idea of your overall financials (sounds like you're doing quite well) but I know I'd be selling off a good chunk (half?) if I reached over $1M in a single company, which had just seen these gains.
Although the 100k shares likely isn't half your holdings.
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ex-ghost
Footballguy
JoeSteeler
Footballguy
with only having 300 shares I will be holding for quite a while I think
