本帖由 加京游子 于 2009-07-03 发布。版面名称：投资理财
BTW， 我今天将我的DVAX换成BAC了, 感觉不错。
I am so pissed off at myself!
I wish I have held on to by BAC August 15 calls and ELN 8 calls. My friends, all hard home work is worth of nothing if there was no conviction with a commitment made in the marketplace. Both buys may turn to multiple baggers within days but I got rid of them when there was a long time left until expiration.
Another expensive lesson paid in high tuition fees.
Oh well, a decision can only be judged right or wrong after the fact. We all wish we had a crystal ball regarding how things will shape up at the time when we make the decision. Can't dwell on past mistakes, time to move on and upwards!
This drug is huge but I can't find the royalty agreement anywhere. It is definitely not publicly announced and that is the reason why I was not aware of this deal. I am happy for your friend and I am happy for myself as I effectively control 25K shares with my LEAP calls. Check how Dublin and London trade on Monday morning before the US market opens. I would not be surprised to see ELN open in double digit in New York.
As for the trade with DVAX for BAC, I an very long on both and feel that you may be right for a day or two or even longer, but if and when the DVAX news breaks out to be positive, you will feel sorry, very sorry, for your swap if you don't buy back soon. A positve news on Heplisav pushing DVAX up 200-300% in a day would not surprise me at all! But DAVX may also tank by 50-60% on a negative news. Do your own research and best of lucks!
A colleague has followed my trades and now owns large positions in BAC, MGM and DVAX. He is up big time and will take me out for dinner soon. Take me out for dinner if you make it big. I drink Courvoisier 18-year old or Hennessey 18-year old or Remy Martin 18-year old or Grand Marnier 18-year old --- very expensive stuff, a warning!
News on a nice Friday night --- damn it, FDA!
The fxxking FDA has ruined my life with the Provenge disapproval in May 2007. Now it approved a drug that might indirectly benefit me financially via my stock owneship and the news broke on a nice Friday night when everybody is probably out for fun. Thanks, the damned FDA for ruining my life again, a bike ride on a nice Friday evening this time around!
Stay tuned if you want to know more about biotech rochet ship stories like DNDN!
Girls and boys: I have no fxxking idea if you are aware of the biotech rocket ship story of DNDN, OGXI, HGSI, NVDA, JAZZ, SPPI, HEB, BCRX, CTIC etc. and I don't give it a shit! I am dubbing DVAX as the next DNDN and I have four more candidates up in my sleeve. Tonight, I am very much pissed at the FDA for ruining my life in 2007 and a potential nice bike ride in a nice Friday evening. I have to keep my compulsor, so I will reframe myself from posting any more tonight. I will unveil those potential next DNDN candidates in the posts to follow when I see fit. I bubb them as "Quintupplet biothch plays in 2009". Stay tuned should you be interested.
oh,yeah! my BAC!
at the same time on China market now have 200k 000921 and 200k 000890
TSPT: Presenting this rocket ship
Taking today off to trade this partnership news. Bought at 6.5 in early PM trading and sold at 10.2, looking for an re-entry to go long for the end of October FDA action.
Its mid-night sleep aid has finished two Phase III clinical trials with statistically significant and clinically meaningful results. The NDA was submitted to the FDA and the original FDA action date was the end of July. But the FDA requested more info and the company has submitted what was requested. The FDA has re-established October 30 as the final action date.
The company is cash rich without debt. The float is tiny. Today's partnership with Purdue adds $30M cash to the coffer from the upfront payment, with another instalment of cash payment to be made upon approval. The royalty is in the low 20's. Overall, a great deal!
Approval is not writing on the wall until the approval letter is received. But the expectations for approval are high. I am dubbing this as one of my next DNDN candidates in percentage terms, one of my "quintupplet biotech plays in 2009". With the first successful trade in hand, I need another big win before going big into it, waiting for a forceful pullback for a quick trade re-entry.
Closed MGMHJ in my TFSA
This was intended for a quick ER play. Objective achieved and 60% profits in just a few days are too sweat to let go. They are also tax free but exchange rates eat into my profits. A win is, nevertheless, a win.
This cash is reserved to buy back DVAX on any weakness.
BAC: A bear raid is in progress
And the Specialist is undergoing a stop loss harvest fiercely.
The SEC is sueing BAC for the Merrill Lynch acquisition
Funny American politics, indeed! Why doesn't the SEC sue the FED and the Treasury? Mr. Lewis was manhandled by the FED and the Treasury to buy Merrill. Paulson's testimony made that so clearly. This Merrill acquisition may have indeed saved the American financial system and hence the world. Poor weak hands gave up enormously undervalued shares to the Specialist and shorts who were running for cover! Too bad, this BAC bull am up to my throat and cannot take advantage of this buying opportunity!
那么， 对于ＢＡＣ来说是一个 bad news or ...?
Reloaded TSPT at 8.1
Intended for a quick trade; will hold if I cannot sell it today for a good profit.
An expected end of the day run did not materialized. Sold DVAX to cover the buy. Both are cash rich and I can't tell which is better, hence the little diversification.
The market gave you the answer! After the fierce stop loss harvests, BAC ran right back up. The effect of this “bad news" did not last even 15 minutes! If it was bad news, BAC would be at 12 now!
Thank you, I don't think the $33million fine is a big deal either for BAC.