Jiesen tries to take over the world

[billyjoe]

Jiesen,
Sorry to keep bothering you but all these companies seem to be from your neck of the woods. Have you ever had dealings with SAIC ? Impressive company from what information I've gleaned. Saw that they started in La Jolla and it made me think of you and LJPC. Put a limit order in for 16.95 and doesn't appear that it will fill. However did get some for 17.75. The employee/owners are going to do very well here getting a 15.00/ share special dividend and who knows how many shares they'll continue to hold. If you divide the total special div, by #employees = $57,000 each.

------------billyjoe

[jiesen]

sold 1/2 of my XING today

well, my limit order was hit today at a bit under $17 for half of my XING shares. I'm down to about 1.5% in XING now, from about 10% a couple years ago. I plan to hang on to the rest for a while, and am glad to have mostly gotten out with my skin intact on this one- what a wild ride it's been!

[jiesen]

yeah, a bit. SNMX is right down the road from me, and a pretty solid company. not like most biotechs, though. I see a lot less upside, but less downside as well for this one. probably be a good idea to wait for weakness to buy - definitely dont pick it up on a cramer pump! SNMX is not making anything life saving or super-profitable imo, but the products will sell and nobody will sue them for a bad flavor, so I think long-term this one could be a steady money-maker. I dont think SNMX is my cup of tea right now, but it could be interesting down the road... thanks for pointing it out, though!

[billyjoe]

Jiesen,
Are you familiar with SNMX biotech? Cramer is a big fan . Sees potential for 100's of millions in royalty deals with Coke and Campbell Soup.

-----------billyjoe

[jiesen]

I understand your viewpoint, although I don't subscribe to that kind of trading style. But I thought you might want to know what to expect. My question for you: what would be wrong if you held the stock and bought some puts for the extra cash? For example today I bought $40 OCT puts for $.75 per share. I noticed that I wasn't the only one; they did a huge volume today. Usually trades about 30 contracts per day; today it did nearly 2k. In any case the puts will pay for any drop below $40, and I'd say a drop below $40 could very well be imminent.

Absolutely nothing wrong with it. I just don't have the bankroll, expertise, nor the time necessary to figure out a good option strategy for AMLN, or any other stock for that matter. I would love to be able to some day, though. So thanks for the tip- I will continue to learn about this stuff.

I don't believe AMLN will drop to $31. But if it does, I'll probably be happily buying more shares, not worrying about the price where I once could have sold it.

[jiesen]

Jiesen,
If anyone would know about this stock it's you. NNBP :OTC , Nanobac Pharmaceuticals. There's a buzz about this stock in hospital labs in Ohio. Heck, their earnings are only -.01 . Market cap 40.6 million. This could be the one to make us all rich . When that happens I'm going to throw out my disposable razors after one use. Yee Ha !!!

------------billyjoe

first glance: these guys have nothing but a hope and a dream.

P&D. Beware! I wouldn't touch this one.

I will look a little closer, though, and let you know if I change my mind.


edit:
How about investing in Schick instead?

http://finance.yahoo.com/q/bc?s=ENR&t=5y

[billyjoe]

Jiesen,
If anyone would know about this stock it's you. NNBP :OTC , Nanobac Pharmaceuticals. There's a buzz about this stock in hospital labs in Ohio. Heck, their earnings are only -.01 . Market cap 40.6 million. This could be the one to make us all rich . When that happens I'm going to throw out my disposable razors after one use. Yee Ha !!!

------------billyjoe

[New-born baby]

nope. I'm perfectly happy owning the stock. It'll be worth $100+ in a year.

I understand your viewpoint, although I don't subscribe to that kind of trading style. But I thought you might want to know what to expect. My question for you: what would be wrong if you held the stock and bought some puts for the extra cash? For example today I bought $40 OCT puts for $.75 per share. I noticed that I wasn't the only one; they did a huge volume today. Usually trades about 30 contracts per day; today it did nearly 2k. In any case the puts will pay for any drop below $40, and I'd say a drop below $40 could very well be imminent.

[Websman]

nope. I'm perfectly happy owning the stock. It'll be worth $100+ in a year.

I've got to buy some soon...jejejejeee

[jiesen]

Jiesen,
Did you see the road sign on the way to AMLN?

"BLACK HOLE AHEAD."

Yup, AMLN looks for all the world to be a $31 stock. Really. Can I interest you in some puts?

nope. I'm perfectly happy owning the stock. It'll be worth $100+ in a year.

[New-born baby]

Black Hole Ahead

Jiesen,
Did you see the road sign on the way to AMLN?

"BLACK HOLE AHEAD."

Yup, AMLN looks for all the world to be a $31 stock. Really. Can I interest you in some puts?

[jiesen]

ahem... lets bump this to the top, shall we?

[Lyehopper]

looks like I got out in the nick o' time. probably would have been good to get out of a bunch of other stocks yesterday as well, but hey- that's life, right?

Hey Jiesen.... I'll bet you a buck that BRR will pop up again and move on higher shortly after that 5.95 gap fills. That would be my buy target $5.95, heck I might even pick me up some there. I think it'll go to $9.

[jiesen]

woah

looks like I got out in the nick o' time. probably would have been good to get out of a bunch of other stocks yesterday as well, but hey- that's life, right?

BTW, what the heck just happened to AXR? Is all this new oil going to make everything - including housing - cheaper? KBH, TOL, HOV, MTH, SPF all down big, too.

[jiesen]

Thanks guys! Figures the TA would say hold it, but what the heck, I made money. Maybe I could have had more, but you know: a bird in the hand...

I want to find the next 120% gainer, rather than try to squeeze another 12% out of this one. What to buy next? That's the question now.