Martin has some interesting information and chats, he called SAVA’s collapse for months if not years.
SAVA has "collapsed" and recovered 5 times since 2016. Why are you guys putting more thought into this than me lol? At this point there is no way I'm cutting my losses....its a set it and forget it position.
Elonlover on RDDT has taken $1,000,000 to $200,000 in seven trading days. I know you can handle the loss and some bag holding, why people post? I think maybe the older traders on Elite don’t want you to develop non productive habits like YoloElonlover?
Also...some of the other collapse and recover Biotechs I watch are starting to do their recent Phase 3 ''only in china'' for the guaranteed Clinically ''significant improvement in patients''. the New Sava drug will certainly be looking at this idea. If they announce doing any studies in China ''dont short''...infact PILE IN HEAVY and sell ALL the day after or maybe two days after positive results. This would be true generally of US biotechs. Market doesnt seem to care. Its a Known Pump method.
No. I averaged down the first time because my average was going to be $13 or something...so I was able to bring it down to $9.53...good bang for the buck. If I were to average down again with the same amount of $ it would only bring me to $7's. I just want to be within striking range of a mid pump and I think $9's brings me there. Now if there is a reverse split then I'm f'd lol Next plan of action is let the position collect dust.
If you put in equal dollars to your triple down at apx 4.53,you may be in the 5's.. If you liked it at 4.53.you must love it here...
I take no positions without getting paid premium...so every trade is inherently hedged both by cost and allocation cap. Since posting this topic I have collected another 3k in premium from other trades, so technically my break even is now 7.53...so if we just fill the gap at some point I'll be up 30k. I would be surprised this recovers without a split or getting delisted, but fingers crossed no splits yet. Actually one split: May 09, 2017 0.142857:1 Stock Split That's surprising considering that the stock was under $5 consistently. lol you guys thought I was bad.