Nope had my fun with stocks back in the day. FOREX is the new penny stocksOriginally Posted by AirMax95
Nope had my fun with stocks back in the day. FOREX is the new penny stocks
"The 1911 is a collection of subsystems that must work together. Each part must be prepared and fit properly not only in and of itself, but also with regard to the other parts with which it must operate for the gun to function and appear as desired."
Wonder why I didn't mention BDSI in this post? Anyway, bought at $6.09 and it hit $8.99 in pre market this morning, approval for onsolis is imminent. I have limit orders @ $9.50 and $10.00 to get my investment + some profit and ride free shares from then on out.
I will keep posting in this thread in hopes that people decide to take an interest in investing. I'll post up my current holdings when I get a second.
Wonder why I didn't mention BDSI in this post? Anyway, bought at $6.09 and it hit $8.99 in pre market this morning, approval for onsolis is imminent. I have limit orders @ $9.50 and $10.00 to get my investment + some profit and ride free shares from then on out.
I will keep posting in this thread in hopes that people decide to take an interest in investing. I'll post up my current holdings when I get a second.
any word on HEB? it is below $2 again
None, I think support is dropping due to the long delay. There is rumor that the company pulled Ampligen in order to avoid another rejection. I sold about half of what I was holding around $2.30 and waiting out the rest.
Problem is with the administration changes affecting the FDA they are late on scheduled decisions. DSCO, BDSI, NEPH, and HEB were all supposed to have heard from the FDA by now but there has been nothing. Frustrating for the investor. Personally from following this as long as it has I would say if you're willing to stick it out, hold tight because there is very large interest in Ampligen internationally with the H1N1 virus.. the FDA has just been the achilles heel of the movement. Short term I don't know what to tell you and that is just the novice in me.
Right now I like BDSI a lot, you wont get a huge 40% plus gain short term but from what I can tell they are solid with the imminent FDA approval. CTIC submitted their NDA application and requesting priority review, if granted between now and December could be good stuff for them.
So heres where things are, HEB went back up to $2.75 on friday, settled back down at $2.62 up to today.. still no news so I'm still holding.
HEB, CTIC, and BDSI were all added to the Russel 3000 index which gave all 3 a little boost.. mainly HEB and CTIC. CTIC was up to $1.85 friday but back down to $1.68 today.
I am going to reiterate BIPH as a long term play. It closed at 0.02 today up from .0175 and the company Biophan Technologies has a really good product (MYO-VAD) that could easily send this stock to the $1 range over the next few years if approved by the FDA. Financing for the company comes in form of royalties from other patents they have in Europe.
As it is now $2000 will get you 100k shares, I'm hoping there will be pullback before the price starts to rise on anticipation, I'm holding 100k shares currently but wanted to get at least 200k-500k.
HEB has a lot of longer term growth potential than just Ampligen. I read on a few sites, including IBD, that there is significant interest in a few other drugs they have because of many uses. Right now firefox is giving me issues though and I cant get on the etrade to get the names of the drugs I was talking about. I am going to take a longer term view on this one and not expect a big gain in the short term.
Personally, i'm going big with BIPH and letting it ride
and i'm still thinking about jumping in on HEB...if only I had bought it back when I first thought about it.
Rumor is that Genta (GNTA) who was headed for a 1:50 Reverse Split and struggling financially may have a buyer and major investor for Genasense in Millenium Pharmaceuticals. Current price is .0084, good things will come if this is true. Press release expected tomorrow.
Interesting thing about this stock is there has been someone on the yahoo boards by the name of Terry, everyone makes fun of Terry and his posts are on par with Sammich on this forum (no offense) but while the timing of his predictions are off.. they're always right. He claims to have good info on the company and i tend to believe him, but that is not my reason for choosing this stock.. just gives me food for thought I guess.
As always assess your own risk and what you are willing to lose, I tend to look at the upside vs. the downside on top of the research I do about the company. I am holding tight on this w/ 200k shares.
BDSI closed down today @ 6.06....I think i'm going to see what happens over the next day or two, but I would like to be sitting with a few hundred shares before the next FDA announcement.
Yesterday was just one of those days you close your portfolio and don't look again.. everything tanked. NEPH had FDA approval last thursday and closed lower than they were before the approval.. I don't know if it has to do with manipulation or what but I do understand why penny stocks are not for the faint of heart.
Slowly I'm beginning to see a slight pattern though and I'll probably be changing my strategy. That said if I was going to pick a day to buy yesterday definitely would have been it, I've seen my portfolio take much bigger hits than it did yesterday and then turn back around.
well if you thought yesterday was a good day to buy...today was like christmas! Unfortunately I made some moves a little earlier than I should have and my portfolio took a nice hit
Hopefully BDSI will make a turn around and see some modest improvement w/ the FDA's approval of oncolis
Today was ugly across the board, then I go and sell BIPH right before it goes up and hits 12% today.
Do you still feel BIPH is good long term investment? I know previously you had talked about it being a contender for $1 shares within a year
Still long on BIPH, I read their 10k in detail the other night and I'm okay with the direction they are headed. I'll hold 100k shares for the time being and see what happens..
Knowing what I know now (and I'm learning as I go) I may just start playing the run up rather than wait for a specific PR release. BDSI was $7.50 a couple of weeks ago and I held because my strategy was "in till approval." Had I just taken my 20% and went on to the next I wouldn't be kicking myself in the ass. Same with HEB, same with CTIC. This administrations FDA is far less efficient than they were in the past and it is frustrating on days like today, they're 2 months past their deadlines on everything, not to mention the manipulation on these stocks.
Personally, the advice I'd give to anyone is that.. if you're looking for less risk stay away from Biopharmaceuticals, money can easily be made in other sectors. You may not see a 1 or 2 day pop like you do with what I'm suggesting in this thread but the volatility is not half as bad. As for me, I'm willing to ride the wave and continually hone my knowledge of this sector of the market.
At the current moment everything is hold for me. CTIC, HEB, GNTA (300k shares now) BIPH, NEPH. Only reason I sold today was to buy more of another. As for Non pharmaceuticals - ETFC, GLS, BLT.
Well I bought 650 shares of BDSI @ $6.01...do you foresee a $7+ stock in the next few weeks with approval?
I'm waiting to exit that trade before jumping to GNTA and/or BIPH and i'm going to start my research on ETFC, GLS, and BLT now
mmm BDSI sittin pretty @ $5.69 today.............
Set a limit order @ $7 just in case i'm away from a computer when an FDA approval comes, but would ideally like to be positioned @ my computer to try and catch it "around" its peak and maximize my profits.
GNTA would have been a nice day trade today given enough leverage on the trade (I was contemplating 1.4 million shares earlier) but decided I would stick to my trading plan and if that opportunity arises again i'll hit it for a nice daily gain (take the wife out somewhere nice and see if she can guess what the "special" occasion is lol)
HEB also looked good today, closing up .25 and i'm still contemplating going long on it, but once again i'm waiting to exit this BDSI trade before I start really diversifying anything.
I'd like to keep this thread going as a daily update/tips section for people that enjoy this type of thing. Getting on here to talk about stocks is much better than talking to people on financial forums (although it has its place in research)
After two terrible days yesterday was needed, I'm suprised BDSI didn't recover though.. volume has been dead as of late, probably a lot of sell off due to delays... I personally expected to be pulling my money out of it by now, we'll see what happens next week.
GNTA I'm not selling till .20. A Reverse Split is in the pipeline but it doesn't make a whole lot of sense at the current price, it makes more sense over .20.
HEB I don't even think about any more, out of sight out of mind and a lot less stressful. I'm still holding but I've forgotten about it because counting the days doesn't make it come any faster.
well so far today BDSI is up, but still not doing wonderful.
GNTA has made a huge move today, great day trade potential but i believe i'll be in until .2 as well since it is only at .009 right now
will update after market close
Its tough not to take profit from GNTA right now, up 36%.. they're saying its due to a R/S on Monday but its hard to tell.
Okay this is what I got thus far, word is that a deal has been completed. The R/S is scheduled for the 13th along with a symbol change. Apparently the symbol change is a signal of a completed deal but I don't understand the R/S.
My strategy, limit order @ .20 and not selling till then.
would an order on monday morning be a bad idea? I won't have more funds in my account until monday morning to get into GNTA and i'd like to sit on it until .20 as well.
In other news, BDSI closed @ $5.87, up 3.16% and is currently @ $5.90 after hours
Hopefully an announcement comes next week from the FDA admin and hopefully the stock will see mid $7 to $8 again.
according to some press releases, the original date of the R/S was set to be July 1, but that due to administrative proceedings the R/S would be delayed and Genta would announce a new date for the R/S, so the name change on monday doesn't have to mean R/S on monday (even though many people are reporting that their orders for GNTA have been cancelled due to a R/S on monday)
My understanding is also that if a name change happens on monday, the price will likely spike due to a common inability to sell the shares for a day or so after the change...so that could possibly be a good time to get in and set up a limit for when selling becomes possible again (but that is just what i've read)
There is an abundant amount of rumors that BDSI will have an FDA announcement on the 13th, but there were also rumors of announcement for the 10th, so barring any announcement before the market opens on monday I might sink some more shares into BDSI in anticipation of the announcement. The rumor is $11-$12 after a favorable announcement, but i'll probably be cautious and take my profits in the $7-$8 range in fear of a backlash after a spike.
HEB is still looking like a long trade but all things considered, I'm still thinking of jumping on the train if it dips below $2 on monday and things don't pan out for GNTA (or possibly GENT on monday) and I decide not to delve deeper into BDSI
any thoughts?
Last edited by drpepper14; 07-11-2009 at 12:00 AM.
Talks of the Japanese coming in and making large orders of ampligen from HEB are becoming more and more likely, so with approval and a japanese order the stock could easily see $22
Buy in now and hold is what I say ($2.03 @ close on friday)
Also CTIC looks to be another long term stock waiting on approval from the FDA of pixatrone. $1.35 @ close on friday with stocks easily rising to $5 on approval or even the announcement of a fast track status with the FDA
So far i'd say good stocks to be in are:
HEB (i'm in for the long haul)
CTIC (in till $4.xx @ least)
BDSI (in till $7.xx @ least)
BIPH (good day trade right now, but would be a good long trade too)
GETA (formerly GNTA, if the reverse split doesn't happen monday im in till .20, or $10 if the R/S happens)
ADLS (cheap now, but with cethromycin will probably see 200% gain this month)
Dips below $2 on HEB have become normal now, I guess it doesn't bother me because I got in at .80 but still.. if you're long stick to that strategy. There is nothing like that feeling of selling then looking a couple of months later its at $5.00 and my greed clouded my sound judgement.
CTIC has been a hard one for me to hold like that, I have 1400 shares and sometimes i just want to get out of the ups and the downs but I have to remind myself of my strategy.. CTIC has a good future if you're willing to stick it out.
GNTA, I'd stay away at this point. Like I PM'd you, whatever was going to cause a siginificant spike or loss is happening right now, either a deal has been made or a R/S is coming (or both) and either way it doesn't look like something to throw money at as it is now. Those who bought before the spike friday are in for the ride, those who get in afterward will be taken for one.
Oh yeah and BIPH, good time to buy.. down 11%, what you saw this week was the classic pump and dump.
Next week's plan:
ADLS first thing monday. It's at a great price and they have a schedule FDA announcement on the 31st with a very good chance for approval, so worst case scenario I sell when anticipation shoots this stock up.
Will also be getting into HEB and CTIC on thursday (waiting on a stupid account transfer) or earlier if BDSI gets approval monday because I will be selling it on approval day because it's almost certain it will catapult and then the bottom will fall out.
Daily Update:
ADLS finished up .02 @ .43 which I guess works for me because I bought in @ .43
BDSI down .17 to $5.70....this one took a swift quick to the pants today and i'm debating on my next move. Sit tight (bought in @ 6.00) or hit it while it's low and try and make some more money.
CTIC was up .03 to $1.38, but of course I bought in @ $1.39 so whatever for the day, but this is a long term hold for me. With 3 likely fda approvals in the pipeline this year, we could easily see $15+ at the end of the year
GETA (formerly GNTA) performed its 1/50 R/S today and now the stock sits @ .395. Talked to Tony and it seems like a good time to buy, but i'm going to see how much farther this stock sinks before jumping in too far.
and finally HEB closed at 2.12 which is great. There is a lot of support around $2 for this stock so I waited and bought @ $2 today.
Overall it wasn't a bad day except for BDSI (which happens to be a significant chunk of my portfolio)
Bought AIG at the bottom last week, made some good numbers, I think it will keep going up a little longer but it might be too late to get in. I will try to post earlier next time lol.
I'm finding it hard to hold onto BDSI today as it sinks, and the rest of my portfolio is doing well, and many of them are in a perfect position to buy right now.....
Congratulations on your pick of ADLS, up to .50 a share now and looks like a lot of potential. Seems like an up day in the market today.
The only reason I wont invest in BAC or C is personal, I will never invest in a company I believe in and although that conflicts with the idea of not mixing investing with emotions that is one rule I am willing to break. BAC fucks over their customers and I was one of them, since then I vowed never to contribute to their cause in any way. I actually don't like major banks period, I'd rather invest in the smaller ones.
As for my holdings, I covered my margin trade of BDSI at $5.60 and sold at $5.90. The margin trade was a mistake actually, wrong click of the keyboard. GNTA came out with some VERY promising news yesterday about Genasense, the future looks bright there so I'm holding. I want to reestablish my position in BIPH.. today is not a buying day for me, I'll wait till things take a fall back.
Yeah ADLS was nice today. I sold HEB and BDSI to make reinvestments elsewhere, but might get back in before approval.
I'm waiting to see how tomorrow does and if things take a hit i'll be investing more into ADLS, BIPH, and CTIC (probably will anyway since they took a hit today) and maybe GNTA since Genasense did have promising news.
Got damnit, the one day I don't get online Oncolis gets approved, BDSI goes up to $7 a share and I didn't get online to sell. I'm going to wait it out till tomorrow, selling then picking up something else
To think, I sold two days ago...at least I reinvested it into BIEL, ADLS, and BIPH which are likely to give me a MUCH higher rate of return.
Limit orders.. ugh, meant to buy in ADLS @ .49 but ended up with 2000 shares @ .50, oh well. Sold BDSI, it doesn't look like the support is there for a big run at this point (hopefully I'm right) and averaged down on GETA buying 3900 more shares. (The equivalent of 195000 shares before the R/S)
I would buy BIPH but its up 17% today and I'll wait for the pullback to jump into that. Still holding CTIC w/ 1400 shares.
ADLS, you really believe in them huh? I might play the run up on this one and avoid the FDA decision.
edit* added 2000 more shares ADLS @ .49
Last edited by tony; 07-16-2009 at 03:04 PM.
Posting Permissions
Reply With Quote