Posted by: beautifool May 3, 2014
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@i-485 - As I said..buying selling $PEIX stock was very good experience..and then 2 weeks ago..I started with options. I had really good calls the first few ones...was up 200% on my SDRL $33 strike price..lost a little bit on my GM call option...and then I saw my favorite PEIX also has options play available. My mistakes on it are 3 things..
1. No experience of course..
2. I was not really sure about figuring out 'what price is the right price' to pay for premium
3. Not realizing that options are extremely volatile (I was up more than 100% with my PEIX call 3 days ago and now I'm down more than 50% on the same shit...lol- I almost sold at the peak..but almost is not enough :)
You do bio tech...if you have $20 or more stock price of biotech stocks..please share with me..I'll use some options strategies to see if it works..
1. No experience of course..
2. I was not really sure about figuring out 'what price is the right price' to pay for premium
3. Not realizing that options are extremely volatile (I was up more than 100% with my PEIX call 3 days ago and now I'm down more than 50% on the same shit...lol- I almost sold at the peak..but almost is not enough :)
You do bio tech...if you have $20 or more stock price of biotech stocks..please share with me..I'll use some options strategies to see if it works..
Not knowing what I was doing...I sold all of my GSB shares...with 20% gain..and ended up buying GSB call options..I have until September for GSB to reach $3 and I'll be in the money..Worth a try I thought..
"most small caps have pulled down significantly and what scares me more is some of the small cap bio stocks have already pulled back a lot and the overall market is still at record high, what will happen if the overall markets starts to correct and head south"
"+400% in my account so far.. March and April not so good, choppy market....only focusing stocks with strong catalysts these days... Shorting more than going long. Changing my strategy as the market seems weak."
As someone I know told me that ...his biggest losers were right after his biggest winners..and he recommends..that whenever you have your biggest winner...take a long vacation...I'd recommend you do the same...you're already 400% up....may be a little break is good.. just my opinion.
Take a break..is my opinion again!!
Take a break..is my opinion again!!P.S - I was almost about to take a vacation until I got stuck with the PEIX options shit..lol..should have sold on Thursday..but shoulda/woulda is not enough..
Last edited: 03-May-14 07:37 AM