damn skippy.. tons of complicated ways to lose money + SLD 2 EXAS MAY 17 '13 + (2) 10 - (1) 8 Call Call Vertical Spread -.400 USD SMART 11:09:16 4.61 thats from 2 bucks.. so -280 bucks.. probably the smallest loss in the thread..
Did anyone buy the bounce? May $8 calls were at 0.25 when the market opened, now 0.60 bid. No, I did not. Still without my computer so I've limited myself to closing positions from my iPad. Stupid rule maybe, but I can't even see the Greeks so it would be a blind gamble.
They traded up to a close of $1.20 Old fashioned Bear Raid today after "painting the tape" pre-market. The fact that the stock rallied all day long from the opening pre-market low at $6.61 all the way to trade $9.00 even just before the close speaks volumes. I wasn't in the May $8.00 Calls, but bought the July $8.00 Calls From 0.45 to $1.60 Also paid $6.85 for some more stock. The 92% detection sensitivity for Cancers is far better than the FDA requires for approval. The pre-cancer number of 42% isn't all that important given that the FDA is not requiring a threshold to be achieved with pre-cancers... contrary to a Wedbush analyst that is totally clueless. Interesting to note, High Grade Dysplasia (HGD) which are pre-cancers that are on the edge of turning into full blown cancers are pushing 70% The Pap Smear is only at 47%.
Not saying that this stock isn't a good buy here. I just don't appreciate people being a dick and then acting as if they saw an event coming in hindsight.
The pre-market tape got "painted" by the shorts and idiots were tripping all over themselves to sell shares out down to $6.61 because they felt that the pre-cancer sensitivity number at 42% was significant. If you had command of the fundamental FACTS of what this test has just achieved in the way of Primary and Secondary Endpoints..... You bought yesterday's "Paint" job with BOTH hands!
I love it how all the geniuses fade into the wordwork when the story is told. Bunch of bull shitting ego sick AH's... out pretending to be experts somewhere else. Bleaaahhhhh. (puke puke)