Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[Nightfyre]

It seems like that Twx att merger is a pretty good bet. Currently, the way the transaction is structured, the market value when it goes through for Twx is a little over 108 a share, versus a current price of 98/share.the merger will not be subject to an fcc review and the DOJ review does not look like an obstacle. It's worth a shot, imo.

[JohnnyHammersticks]

Anyone know any good Bitcoin/Crypto currency-related potential moon shots? HIGHLY speculative, but they could explode if things go the right way. I'm looking at $BITCF right now. Don't even know if it's a legit company yet. Trading at $0.06 OTC currently.

[JohnnyHammersticks]

Originally Posted by TigerUppercut

Want to make a nice investment that will cash out well in the next few years?

Aclaris Therapeutics and Portola Pharmaceuticals.

You're welcome.

Portola trying to push through $40. Thanks for the tip, got 500 @ $37.88. Didn't buy Aclaris. Up over a thousand already. If/when it holds above $40, I'll get more, since next resistance is around $50.

And in terms of my previous post, about 10 minutes research into BITCF leads to not wanting to touch it with a 10 foot poll. I like the future of crypto currency, but not BITCF.

[ChiliConCarnage]

Originally Posted by ChiliConCarnage

Were definitely getting another rate hike this month. Futures are over 90% now. A 2nd one by June is almost at 50%

bumped another quarter point. It looks like pretty much everything reacted positively. Even interest sensitive things.. bonds, REITs, utilities all up in general

[ChiefRocka]

Originally Posted by JohnnyHammersticks

Anyone know any good Bitcoin/Crypto currency-related potential moon shots? HIGHLY speculative, but they could explode if things go the right way. I'm looking at $BITCF right now. Don't even know if it's a legit company yet. Trading at $0.06 OTC currently.

If you're looking to gamble check out BTCS:OTCQB

[JohnnyHammersticks]

Originally Posted by ChiefRocka

If you're looking to gamble check out BTCS:OTCQB

Oh I'm looking to gamble. Thanks, I'll check it out.

Big day for $PTLA. Blew right through $40. Up $1500 thanks to TigerUppercut.

[wutamess]

Originally Posted by JohnnyHammersticks

Oh I'm looking to gamble. Thanks, I'll check it out.

Big day for $PTLA. Blew right through $40. Up $1500 thanks to TigerUppercut.

Thinking of getting 50 shares today... Good buy and hold you think or look elsewhere?

[scho63]

This morning I took a little gamble in the options market that paid off nicely. Almost a two hour trade to the exact moment.

Bought $2000 worth of Tesla TSLA $265 calls (50) contracts at .40 that expire TODAY around 10:15 am and sold them all by 12:15 pm for between .67 and .75 netting a $1,470 profit or just over 70% return.

Nice way to start my sabbatical.

I'm now in Tulsa OK, a little more than halfway to Scottsdale. Going to be lounging by my longtime friends pool today.......

[wutamess]

Originally Posted by scho63

This morning I took a little gamble in the options market that paid off nicely. Almost a two hour trade to the exact moment.

Bought $2000 worth of Tesla TSLA $265 calls (50) contracts at .40 that expire TODAY around 10:15 am and sold them all by 12:15 pm for between .67 and .75 netting a $1,470 profit or just over 70% return.

Nice way to start my sabbatical.

I'm now in Tulsa OK, a little more than halfway to Scottsdale. Going to be lounging by my longtime friends pool today.......

I'm trying like hell to understand that pic and how it made you money.

[JohnnyHammersticks]

Originally Posted by wutamess

Thinking of getting 50 shares today... Good buy and hold you think or look elsewhere?

I defer to TigerUppercut, but here's what I've found out. They have 2 drugs currently in clinical trials with decisions expected this year on both, each could be the first drugs approved for the conditions they treat. I've heard that if one is approved, it should be a $60 stock, if both are approved, it could be an $80 stock. I heard this online from someone I have no track record on, so take it with a grain of salt obviously. The company is burning through cash pretty fast, so I presume they would need at least at least one of the drugs approved or they may have to issue more shares which could dilute the price. I haven't read through all their recent filings, so I don't know how much they have in terms of cash reserves.

Here's a recent article from Motley Fool. https://www.fool.com/investing/2017/...ady-up-an.aspx

My call would be to buy on dips, like now. Monday morning may be a good entry point.

[scho63]

Originally Posted by wutamess

I'm trying like hell to understand that pic and how it made you money.

I will explain it to you. Stock Option trading is not for unsophisticated investors. I recommend you read through this if you have any interest in options.
http://www.cboe.com/learncenter/pdf/understanding.pdf

At roughly 10:15 am on Friday morning, I entered a LIMIT order to buy 50 CALL OPTIONS to OPEN on Tesla for .40

Each contract controls 100 shares so I had control of 5,000 shares of stock. When you initiate a new position, it is called to OPEN and when you sell it's called to CLOSE. You can also SELL an option to OPEN a position but that is even more advanced on naked call selling. SUPER DANGEROUS!

The strike price was $265 and at the time I did the order, the stock was around $263, so I was still two dollars "out of the money", not counting the .40 per share I paid for the contracts. The option of .40 would be multiplied by 100 and equals $40 per single contract. It gives me the right to buy 100 shares of Tesla for each option contract.

At 10:17 the options order began getting filled in 3 blocks, 30 contracts at .40 ($40) for $1221, then 10 at .40 for $407 and then another 10 at .40 for $407 for a total of 50 contracts @ $2035, which INCLUDES commission.

Then as the stock began to rise close to the $265 strike price well before the end of the day, the options shot up to around .65-.80 around 12:10 pm.

I then began to enter sell orders in blocks of 10 contracts at MARKET PRICE to ensure the options sold. Then at 12:12 pm the options started to sell; 3 at .72 then 3 at .72 then 2 at .73 then 2 at .74 then 20 at .67 then 20 at .75 for a total of 50 sold contracts at a total sales of $3,509.85 INCLUDING COMMISSIONS.


So the end results:
50 bought at $2,035
50 sold at $3,509.85
Profit $1,474.85 in two hours.

The times stamps are on each executed trade, hour:minute:seconds

$1,474.85 / $2,035 = 72.5% profit

[wutamess]

Originally Posted by scho63

I will explain it to you. Stock Option trading is not for unsophisticated investors. I recommend you read through this if you have any interest in options.
http://www.cboe.com/learncenter/pdf/understanding.pdf

At roughly 10:15 am on Friday morning, I entered a LIMIT order to buy 50 CALL OPTIONS to OPEN on Tesla for .40

Each contract controls 100 shares so I had control of 5,000 shares of stock. When you initiate a new position, it is called to OPEN and when you sell it's called to CLOSE. You can also SELL an option to OPEN a position but that is even more advanced on naked call selling. SUPER DANGEROUS!

The strike price was $265 and at the time I did the order, the stock was around $263, so I was still two dollars "out of the money", not counting the .40 per share I paid for the contracts. The option of .40 would be multiplied by 100 and equals $40 per single contract. It gives me the right to buy 100 shares of Tesla for each option contract.

At 10:17 the options order began getting filled in 3 blocks, 30 contracts at .40 ($40) for $1221, then 10 at .40 for $407 and then another 10 at .40 for $407 for a total of 50 contracts @ $2035, which INCLUDES commission.

Then as the stock began to rise close to the $265 strike price well before the end of the day, the options shot up to around .65-.80 around 12:10 pm.

I then began to enter sell orders in blocks of 10 contracts at MARKET PRICE to ensure the options sold. Then at 12:12 pm the options started to sell; 3 at .72 then 3 at .72 then 2 at .73 then 2 at .74 then 20 at .67 then 20 at .75 for a total of 50 sold contracts at a total sales of $3,509.85 INCLUDING COMMISSIONS.


So the end results:
50 bought at $2,035
50 sold at $3,509.85
Profit $1,474.85 in two hours.

The times stamps are on each executed trade, hour:minute:seconds

$1,474.85 / $2,035 = 72.5% profit

How often does something like this happen for you?

[Amnorix]

Originally Posted by wutamess

How often does something like this happen for you?

And how often does it go the other way?

The main reasons i wouldn't get into this is because -- I think -- as fast it goes up, it could have gone down, and it's pretty damn tough to know which way it will go. Even if you think you know, in the short term MANY other factors could come into play, including alot of stuff that has nothing to do with the company specifically, but rather deal with the broader market.

Seems super dangerous, tbh. Think I'll stick to boring and safe (relatively speaking).

[TigeRRUppeRRcut]

Originally Posted by wutamess

Thinking of getting 50 shares today... Good buy and hold you think or look elsewhere?

Sorry I haven't seen yours and JHS' posts til now. I'm big on these start up drug companies that have control over future profits of novel drugs that they want to bring to market.

Portola had a minor hiccup last Fall when they applied for approval but the indication from the FDA was 'hey we know your drug works but you're getting a little eager... So quit being rookies and see you again in 6 months'. PTLA already applied for FDA approval on their other drug, betrixaban. In second quarter they are expected to reapply for approval of andexanet Alfa which is expected to go thru. Their clinical studies so far have been compelling. Warfarin will be a thing of the past if this drug goes thru.

[TigeRRUppeRRcut]

The one I'm kicking myself over is not buying more esperion therapeutics a few months ago. FDA approved their drug and they exploded 74 percent today