Boiler Room: The Official Stock Market Discussion

[Clark Wayne]

Rumors coming out that it has a medical device that can compete with Intuitive Surgical's Da Vinci system and it was going to get approval from the FDA on the device soon. Then rumors started floating about Johnson & Johnson buying them. I still don't know the timing on this FDA decision though.

I like these biotech/ pharma names because of the huge moves they can make on FDA approvals or rejections of new drugs, systems, etc.

Very risky though. You get an FDA rejection of a drug you're looking at 50%+ downside. With approvals you can see the stock double or triple.

The better strategy is to probably straddle the stock with options to cut down on the risk.

A lot of these companies fail. This guy Martin Shkreli who's in the news made his name shorting these types of companies because so many fail.

Yeah biotechs are pretty much make or break. So much risk but so much potential reward. One failed drug trial or FDA rejection and it's over


Speaking of Martin Skhreli, he is the perfect example of this. Before he took over Kalobios, the stock was about 90 cents. He takes over and it jumps to a high of $45. Then after he gets arrested, it plummets to I think about $2 now and has declared bankruptcy

 

[Domingo Halliburton]

Buy the rumor, sell the news


i'd sell that shyt before the weekend....i done seen a lot of shyt

Yeah it was certainly looking like a pump and dump a couple days ago. Like I said previously ill probably sell before the end of the day. The only thing about it is it has been bullet proof to the down days in the market.

 

[Domingo Halliburton]

Yeah biotechs are pretty much make or break. So much risk but so much potential reward. One failed drug trial or FDA rejection and it's over


Speaking of Martin Skhreli, he is the perfect example of this. Before he took over Kalobios, the stock was about 90 cents. He takes over and it jumps to a high of $45. Then after he gets arrested, it plummets to I think about $2 now and has declared bankruptcy

Part of what he did was buy 70% (I may be wrong on that number but it was over 50) of the float in KBIO then wouldn't let anyone borrow the shares to short. Massive short squeeze followed.

Word is he lost $40MM on KBIO after the arrest.

 

[Domingo Halliburton]

Citron Research calls Wayfair (W) worst business model on the internet, price target of $5.

 

[Donald J Trump]

what stocks y'all been looking at lately i have not had time to research

 

[Domingo Halliburton]

what stocks y'all been looking at lately i have not had time to research

Honestly I've been staying away a lot. I mentioned in here in December that when the Fed hiked I was moving a lot of cash to the sidelines and I have. Still have a decent amount locked up into boring Vanguard funds though.

 

[Clark Wayne]

Tesla in the $150 range.

 

[Donald J Trump]

Tesla in the $150 range.

shoutout to whoever bought at 280

Honestly I've been staying away a lot. I mentioned in here in December that when the Fed hiked I was moving a lot of cash to the sidelines and I have. Still have a decent amount locked up into boring Vanguard funds though.

Im just waiting as well

 

[88m3]

A healthcare CEO said he would 'fight and die' for Martin Shkreli's 'right to be a douche'


jesus...

 

[ADevilYouKhow]

Was the jobs data even bad?

 

[Donald J Trump]

LNKD

 

[☑︎#VoteDemocrat]

Red Lobster

 

[88m3]

So you’ve maxed out your 401(k)? Here’s where else to save

These Are the World's Most Miserable Economies

Renters Buying Again as U.S. Starter-Home Financing Gets Cheaper

 

[Family Lives Matter]

Give a young breh some advice for a small $2000 dollar investment as a start up to learn the game

 

[heisenburrr]

Give a young breh some advice for a small $2000 dollar investment as a start up to learn the game

stay out of this breh, you ain't built for this market.

(seriously, cash is the best position right now)