Talking Stocks 2.0

[huncho]

Originally Posted by 7sins

Hope everyone had a wonderful holiday weekend. Great day to start the month of June with continued momentum on our favorite trades. SABR well ahead of my $15 summer forecast, positive another 4.5% today, breaking $14.5 and positive well over 12% in the last two trading weeks. Hope everyone got in the 12s when I was pounding the table on the buy. Nothing but upside here and continues to be one of my largest positions along with favorite recovery trade well under intrinsic value. Interesting almost 20% short position here, higher than AMC, could poise well if shorts need to start covering. TSA screened more passengers last weekend than any weekend since the pandemic started, great news for SABR.

SOFI no selloff post merger, positive 6.5% today on strong volume and I will continue to hold as a rising rate hedge, hoping to get to ATH from earlier in the year - warrants still at a 15% discount. Same with COTY, back above $9, up 2% and hopefully those sold in the 10s then bought back in the 8s. Time to take some gains and buy a watch :)

For COTY, I would pay VERY close attention to the ER from ELF and ULTA last week. YoY comps were OFF the charts, as you would expect and the market reacted very positively. We should see the same for COTY, especially as Europe continues to reopen and be back in the $10s. 2023 LEAPS here are still very undervalued.

I am working on a short quick post for all of you to explain LEVEL 2 data and how to use a stock order book for best trade price execution, hoping to post that later today or tomorrow.

i've reloaded quite a bit on coty after selling pre earnings. got in a bit too early though, probably should've waited for things to settle in but i got in on that monday morning instead. slowly recovering from that though and was able to dca in anyway. this summer should definitely cause a move up in the price with these mask restrictions going away

[jaisonline]

Thanks 7.

Originally Posted by 7sins

Hope everyone had a wonderful holiday weekend. Great day to start the month of June with continued momentum on our favorite trades. SABR well ahead of my $15 summer forecast, positive another 4.5% today, breaking $14.5 and positive well over 12% in the last two trading weeks. Hope everyone got in the 12s when I was pounding the table on the buy. Nothing but upside here and continues to be one of my largest positions along with favorite recovery trade well under intrinsic value. Interesting almost 20% short position here, higher than AMC, could poise well if shorts need to start covering. TSA screened more passengers last weekend than any weekend since the pandemic started, great news for SABR.

SOFI no selloff post merger, positive 6.5% today on strong volume and I will continue to hold as a rising rate hedge, hoping to get to ATH from earlier in the year - warrants still at a 15% discount. Same with COTY, back above $9, up 2% and hopefully those sold in the 10s then bought back in the 8s. Time to take some gains and buy a watch :)

For COTY, I would pay VERY close attention to the ER from ELF and ULTA last week. YoY comps were OFF the charts, as you would expect and the market reacted very positively. We should see the same for COTY, especially as Europe continues to reopen and be back in the $10s. 2023 LEAPS here are still very undervalued.

I am working on a short quick post for all of you to explain LEVEL 2 data and how to use a stock order book for best trade price execution, hoping to post that later today or tomorrow.

[jaisonline]

Originally Posted by 7sins

Hope everyone had a wonderful holiday weekend. Great day to start the month of June with continued momentum on our favorite trades.

SOFI no selloff post merger, positive 6.5% today on strong volume and I will continue to hold as a rising rate hedge, hoping to get to ATH from earlier in the year - warrants still at a 15% discount. Same with COTY, back above $9, up 2% and hopefully those sold in the 10s then bought back in the 8s. Time to take some gains and buy a watch :)

I am working on a short quick post for all of you to explain LEVEL 2 data and how to use a stock order book for best trade price execution, hoping to post that later today or tomorrow.

Hey 7 sins

A post about level 2 would be great. I use it but probably not to the extent it should.

I was wondering about the recent “gap” in warrants vs. stock price for SPACs like CCIV & especially SOFI. I picked up SOFI warrants early last week and still can’t believe the difference over $11 currently. How do you explain such a difference? I know the avg retail investor probably doesn’t know or want to go through the exercise process (my broker only charges $40 per batch) and some other reason.

[huncho]

Originally Posted by jaisonline

Hey 7 sins

A post about level 2 would be great. I use it but probably not to the extent it should.

I was wondering about the recent “gap” in warrants vs. stock price for SPACs like CCIV & especially SOFI. I picked up SOFI warrants early last week and still can’t believe the difference over $11 currently. How do you explain such a difference? I know the avg retail investor probably doesn’t know or want to go through the exercise process (my broker only charges $40 per batch) and some other reason.

it's weird how the gap seems to be getting bigger as the stock goes up. i'm assuming it's due to the risk of buying in at this high of a price and having it potentially go down before you can exercise, and in effect paying a huge premium, but i'm not sure why the gap is this big because you can still exercise and make a good profit. i'm patiently waiting for a small sell off to take advantage of the gap, will probably add a little bit before the sell off too, in case it doesn't happen like with DKNG. the leaps are moving faster than the warrants at this point

[jaisonline]

Originally Posted by huncho

it's weird how the gap seems to be getting bigger as the stock goes up. i'm assuming it's due to the risk of buying in at this high of a price and having it potentially go down before you can exercise, and in effect paying a huge premium, but i'm not sure why the gap is this big because you can still exercise and make a good profit. i'm patiently waiting for a small sell off to take advantage of the gap, will probably add a little bit before the sell off too, in case it doesn't happen like with DKNG. the leaps are moving faster than the warrants at this point

Great insight Honcho. Thanks !

I didn’t follow SPACs and warrants w/ DKNG. I own plenty of their shares but didn’t get in until the low $30s. I love football DFS & the only company I like as much as DKNG in that space is FanDuel.

[huncho]

Originally Posted by jaisonline

Great insight Honcho. Thanks !

I didn’t follow SPACs and warrants w/ DKNG. I own plenty of their shares but didn’t get in until the low $30s. I love football DFS & the only company I like as much as DKNG in that space is FanDuel.

i was eyeing dkng after it merged and was around $16-20 but kept waiting for the "sell the news" to happen and it never did. i could be totally wrong about why the gap is this big for sofi warrants though because this is the first time i got into a spac. i've typically tried to stay away from them because they seemed too gimmicky but this one was too good to pass up

[7sins]

Originally Posted by spurwar

Definitely a great day for SABR! I was also listening to the news this weekend regarding the heavy travel and can see this thing keep running.

What are your thoughts on Takeda? They had some positive data releases the past few weeks but the stock has been relatively flat. Options have taken a hit but seems like an attractive point to cost average down.

Spot on! Up another 2% today breaking through $15 this morning, I really believe retail is under estimating the travel rebound, specifically here in SABR. Looking for close to $20 by EOY barring no economic collapse.

TAK has been very frustrating, I bought in with Cathy Woods end of last year. As you eluded, there has been a ton of great news for TAK, especially in the last month and it trades sideways to down. This with its approval for Moderna distribution in Japan AND Dengue vaccine proving effective. They have a great pipeline for the next 5 to 10 years as well.

Next catalyst is on June 21st for PDUFA approval on TAK 721. The challenge is the float is over 3B shares which takes a lot to move this stock, it is very similar to PFE here in the US. The other challenge is their debt due to recent acquisitions but they are slowly paying this down. Look at a 3yr chart, it is a very narrow channel between $15.50 to $20. Today we are at a YTD low, I am underwater here too and my plan is to DCA if we dip lower into the low 16s. Options are dirt cheap here, Jan 2023 $16c which is already in the money is only $1.45. That should bring my cost down dramatically but would look to buy in a market downturn as I have a lot of cash on the sidelines looking for a new home. Under $16 I think you have plenty of upside to make money, for now I believe you can allocate elsewhere. Just my .02, I should have sold in totality on it's last rally to $19.

Originally Posted by AshCashEmAll

I’m so happy I listen to you. Thank you for your analysis on SABR. I will ALSO buy COTY LEAPS


Sent from my iPhone using Tapatalk

You are welcome, always happy to help, just don't chase returns on the way up. Best time to start or build a position is in a period of dislocation or negative momentum like we discussed most recently with SABR and COTY after disproportionately selling off. Not an easy discipline to learn but evolves with your experience as an investor.

Originally Posted by HTXlex

7sins, seriously appreciate all the post and insight on your trades and why you make your trades. I’m steadily learning from you, thanks!

You are very welcome.

Originally Posted by jaisonline

Hey 7 sins

A post about level 2 would be great. I use it but probably not to the extent it should.

I was wondering about the recent “gap” in warrants vs. stock price for SPACs like CCIV & especially SOFI. I picked up SOFI warrants early last week and still can’t believe the difference over $11 currently. How do you explain such a difference? I know the avg retail investor probably doesn’t know or want to go through the exercise process (my broker only charges $40 per batch) and some other reason.

Originally Posted by huncho

it's weird how the gap seems to be getting bigger as the stock goes up. i'm assuming it's due to the risk of buying in at this high of a price and having it potentially go down before you can exercise, and in effect paying a huge premium, but i'm not sure why the gap is this big because you can still exercise and make a good profit. i'm patiently waiting for a small sell off to take advantage of the gap, will probably add a little bit before the sell off too, in case it doesn't happen like with DKNG. the leaps are moving faster than the warrants at this point

Level 2 I will post later today with some thoughts but if you already know how to use it not sure how helpful it will be.

On SOFI and SPACs in general, there is ALWAYS a discount on warrants to the stock price due to inherit risk on them being redeemed. Secondly, the velocity of the stock movement is important. If the SPAC or stock post merger, moves up quickly the warrant usually dislocates. Then after the price stabilizes you will see the warrant catchup IE SOFI could be up 2% and the warrants up 20% as it catches up. You are starting to see that today, SOFI positive 5% and the warrants 11.4%. If SOFI keeps gapping up, the warrants will lag. The other possibility is SOFI stock price goes down and then aligns with the warrants so the warrants are down less. Either way, I proposed the warrants on here around $4.50 when they dislocated down and the stock/spac was $15. It now trades at $23 and the warrants are at $9, that is 100% gain on the warrants, even priced at a discount where if you just bought the stock your gain would be ~30% less, even slightly lagging, warrants were the better play. Again to re-iterate a point I made previously, I would be very careful with SPACs/Warrants, not are all created equal and you really need to find the right SPAC aka needle in a haystack, the IPOE/SOFI trade we did was a rare gem, would not extrapolate that trade to other SPACs.

To Huncho's point, there is risk that SOFI calls the warrants and then you have 30 days to redeem warrants or convert to stock, this becomes less of a risk once the stock is trading, consistently, much higher than the exercise price. If you believe SOFI continues to trend higher, than there is an arbitrage opportunity in the warrants. They should NOT be at a 40% discount, that will revert back to the means and is easy money on the arbitrage assuming SOFI price does not fall.

Or instead of battling for 10-20% arb plays, you can put all your money in AMC and apparently make 80% haha, wild times and afraid retail traders will learn the lesson the hard way inevitably.

[CoveWatch]

Originally Posted by huncho

it's weird how the gap seems to be getting bigger as the stock goes up. i'm assuming it's due to the risk of buying in at this high of a price and having it potentially go down before you can exercise, and in effect paying a huge premium, but i'm not sure why the gap is this big because you can still exercise and make a good profit. i'm patiently waiting for a small sell off to take advantage of the gap, will probably add a little bit before the sell off too, in case it doesn't happen like with DKNG. the leaps are moving faster than the warrants at this point

I think you and 7sins nailed it. Once the warrants are exercisable (typically 30-45 days post merger) then you’ll see any intrinsic value or arbitrage opportunity start to disappear because the gap will close to the $11.50 range. Now whether the warrants gap up or commons dip to meet the range is tbd (usually a combination of both). From there, you’ll see them trade within that range the whole way until expiration, or if they call the warrants or if the commons dip below the strike of $11.50.

[huncho]

Originally Posted by 7sins

Or instead of battling for 10-20% arb plays, you can put all your money in AMC and apparently make 80% haha, wild times and afraid retail traders will learn the lesson the hard way inevitably.

yeah the whole amc thing will be a repeat of january where a few millionaires are made and a bunch of people get burned. can't complain though because i'm still holding blackberry and it's getting dragged up through all the fomo lol

[7sins]

For anyone else using lvl2 data, feel free to add onto my thoughts below. Quick tutorial on lvl 2 data, what it is, how to access and use it along with a few real life examples. This is how I use lvl2 data to trade, I think many of you can draw your own conclusions but I want to provide you as much data/resources/tools/arrows in your quiver to make the best informed investment decisions so you get the BEST price execution when buying and selling. Think of it as another tool to asses entry/sell price but like all things, take it with a grain of salt.

LEVEL 2 ORDER BOOK

What is it?: In simplest terms, it is the entire order book for a particular stock. Every stock has more than one market maker, when you place a order it then essentially goes into an order book (think of it as a book of limit orders). IE if a stock is trading at $20 and you place a 1,000 share limit order to execute at $19.50, that 1,000 share order would be reflected at the $19.50 level. This goes for buy and sell orders both above and below the current stock price. So as the name implies, it is a book of all existing limit orders for the stock, as you imagine this data can actually be fairly useful to show sentiment AND RESISTANCE. It also will show significant size orders which is a good indication if large institutions are entering or exiting a trade (this today is not as relevant as larger orders will be spread out through days opposed to one massive order from an institution, these can also be hid in small lots etc). It will make more sense with a real life example below. For me, I find it very helpful as a reference of support or resistance in the price to help me decide where to place by limit orders, more on this later.

How to access?: While most people do not know lvl2 data exists, it is usually free through your broker. You just need to ask for it or it is a part of a "pro" trading platform but might not be initially included without asking. IE I believe you can get it through Fidelity but you just need to access it or ML Edge provides ML Edge Pro for free with certain min requirements and that gives you lvl2 access. I *believe* even RobinHood offers this. Alternatively you can pay a subscription through Nasdaq website to have direct access.

Level 1 data: To start here is the easiest, and you can access this data anywhere. Level 1 data shows the bid (how much you receive if you sell a stock) and the ask (how much you pay if you want to buy). At EACH bid and ask there is a certain number of shares available aka the size highlighted below in yellow. Now wouldn't it be nice if we could see the number of shares aka the size available below and above the ask? That is exactly what level 2 data is.

Highlighted in yellow below shows 900 size at bid 23.20 IE 900 shares you could sell and get 23.20, if you needed to sell more than 900 shares it would go to the bid below 23.20. You can buy 1100 shares at 23.23 to fill the ask. If you or someone else fills that 1100 shares to buy then the price moves up past 23.23 to whatever the next ask price is in the order book. Alas the need for lvl 2 data. For the novice, that is how stocks move up/down directionally. You can also see how easily manipulated a stock can be, especially a low volume, low market cap stock for those who can move a market.


LEVEL 2 DATA:

Below is real life example of an order book for SOFI. The price at the time of the screen shot was $22.19. On the left side are all the bids, aka all of the prices/orders BELOW the current stock price and the size at each price. I want you to think of this as SUPPORT. Here you can see that, if someone wants to sell a large block, they won't meet much resistance until $22. At $22 there is a 27,556 share order to fill then next support is really 21.90 at 1240 shares. For stocks that are illiquid/thinly traded this is very important. As if someone is selling, this can push the price down VERY quickly. If YOU are looking to sell, you want to know what your best price execution will be. Use this as a GUIDE FOR YOUR LIMIT orders to know what price to set to sell or even buy. As the price moves, the order book will change. IE SOFI can trade lower than all of a sudden the $21.50 bid size can grow much larger.


Now lets look at the right side which is the ask side, for a different example with a different UI but same concept. We want to look for resistance to the upside, or as we call it, "breaking through a wall". This can show you how much resistance the stock will have to fight to move higher. Below on AUPH you can see stock trades at 14.72, there is significant resistance at $15 ask size of 14,485 with another 3000 size resistance at $15.02, that is a wall the stock would need to climb through to move higher. This again can be used as you are thinking about what price, intra-day to buy or sell at along with setting your limit orders. If you are day trading or swing trading, which best of luck to you there, this is imperative you understand. If volume really trends in one direction, with limit resistance upside/downside, that is where you can see a big move in the price of a stock. Especially for stocks with low volume, the arbitrage play is more difficult here when there is so much volume the order book moves too quickly.



Few other thoughts:
1. If you see the size/quantity significantly higher across the book on the ask or bid side, that can give you a sense of sentiment to where trades believe the stock will trade. IE if more shares being offered on the bid side then the sentiment is bullish as buyers are more powerful than sellers. You can do this the same way with basic lvl 1 data.
2. Important to note, orders can be pulled at ANY TIME, so if you see a size decline or disappear, that doesn't necessarily mean it was executed, it could have been pulled or price changed. That is why an order book can be misleading, as MMs can offer a large offer to encourage short sellers than pull the order for better price execution. Spend time understand the book, seeing the flow, stock price and you will be able to pick up on this quickly.
3. When looking at a breakout, if there the stock is quickly move through the the sellers on the ask and the book above those prices is thin, you can expect a quick pop. When that moves higher, look to see where resistance forms and prices stabilize. Same goes for a decline. This will, as I mentioned previously, will help you see resistance at the top and bottom to generate the best price execution for you on the buy and sell side.
4. It can be A LOT of data, I filter by size, which might be dependent on your platform. I set a min of size at least 1000 or 10000 depending on the stock to filter out the small noise.

I think this is a good place to start as you think about order flow, liquidity and looking at an order book to help you make more money in trading, short or long term. Hope this was helpful, I am sure I missed something but happy to answer any questions.

[2001jesper]

Originally Posted by 7sins

For anyone else using lvl2 data...

At humble "thanks" for taking the time for this write-up and sharing the knowledge

[hkuo]

Thanks 7sins!

[Fabrice M]

Originally Posted by 7sins

For anyone else using lvl2 data, feel free to add onto my thoughts below. Quick tutorial on lvl 2 data, what it is, how to access and use it along with a few real life examples. This is how I use lvl2 data to trade, I think many of you can draw your own conclusions but I want to provide you as much data/resources/tools/arrows in your quiver to make the best informed investment decisions so you get the BEST price execution when buying and selling. Think of it as another tool to asses entry/sell price but like all things, take it with a grain of salt.

LEVEL 2 ORDER BOOK

What is it?: In simplest terms, it is the entire order book for a particular stock. Every stock has more than one market maker, when you place a order it then essentially goes into an order book (think of it as a book of limit orders). IE if a stock is trading at $20 and you place a 1,000 share limit order to execute at $19.50, that 1,000 share order would be reflected at the $19.50 level. This goes for buy and sell orders both above and below the current stock price. So as the name implies, it is a book of all existing limit orders for the stock, as you imagine this data can actually be fairly useful to show sentiment AND RESISTANCE. It also will show significant size orders which is a good indication if large institutions are entering or exiting a trade (this today is not as relevant as larger orders will be spread out through days opposed to one massive order from an institution, these can also be hid in small lots etc). It will make more sense with a real life example below. For me, I find it very helpful as a reference of support or resistance in the price to help me decide where to place by limit orders, more on this later.

How to access?: While most people do not know lvl2 data exists, it is usually free through your broker. You just need to ask for it or it is a part of a "pro" trading platform but might not be initially included without asking. IE I believe you can get it through Fidelity but you just need to access it or ML Edge provides ML Edge Pro for free with certain min requirements and that gives you lvl2 access. I *believe* even RobinHood offers this. Alternatively you can pay a subscription through Nasdaq website to have direct access.

Level 1 data: To start here is the easiest, and you can access this data anywhere. Level 1 data shows the bid (how much you receive if you sell a stock) and the ask (how much you pay if you want to buy). At EACH bid and ask there is a certain number of shares available aka the size highlighted below in yellow. Now wouldn't it be nice if we could see the number of shares aka the size available below and above the ask? That is exactly what level 2 data is.

Highlighted in yellow below shows 900 size at bid 23.20 IE 900 shares you could sell and get 23.20, if you needed to sell more than 900 shares it would go to the bid below 23.20. You can buy 1100 shares at 23.23 to fill the ask. If you or someone else fills that 1100 shares to buy then the price moves up past 23.23 to whatever the next ask price is in the order book. Alas the need for lvl 2 data. For the novice, that is how stocks move up/down directionally. You can also see how easily manipulated a stock can be, especially a low volume, low market cap stock for those who can move a market.


LEVEL 2 DATA:

Below is real life example of an order book for SOFI. The price at the time of the screen shot was $22.19. On the left side are all the bids, aka all of the prices/orders BELOW the current stock price and the size at each price. I want you to think of this as SUPPORT. Here you can see that, if someone wants to sell a large block, they won't meet much resistance until $22. At $22 there is a 27,556 share order to fill then next support is really 21.90 at 1240 shares. For stocks that are illiquid/thinly traded this is very important. As if someone is selling, this can push the price down VERY quickly. If YOU are looking to sell, you want to know what your best price execution will be. Use this as a GUIDE FOR YOUR LIMIT orders to know what price to set to sell or even buy. As the price moves, the order book will change. IE SOFI can trade lower than all of a sudden the $21.50 bid size can grow much larger.


Now lets look at the right side which is the ask side, for a different example with a different UI but same concept. We want to look for resistance to the upside, or as we call it, "breaking through a wall". This can show you how much resistance the stock will have to fight to move higher. Below on AUPH you can see stock trades at 14.72, there is significant resistance at $15 ask size of 14,485 with another 3000 size resistance at $15.02, that is a wall the stock would need to climb through to move higher. This again can be used as you are thinking about what price, intra-day to buy or sell at along with setting your limit orders. If you are day trading or swing trading, which best of luck to you there, this is imperative you understand. If volume really trends in one direction, with limit resistance upside/downside, that is where you can see a big move in the price of a stock. Especially for stocks with low volume, the arbitrage play is more difficult here when there is so much volume the order book moves too quickly.



Few other thoughts:
1. If you see the size/quantity significantly higher across the book on the ask or bid side, that can give you a sense of sentiment to where trades believe the stock will trade. IE if more shares being offered on the bid side then the sentiment is bullish as buyers are more powerful than sellers. You can do this the same way with basic lvl 1 data.
2. Important to note, orders can be pulled at ANY TIME, so if you see a size decline or disappear, that doesn't necessarily mean it was executed, it could have been pulled or price changed. That is why an order book can be misleading, as MMs can offer a large offer to encourage short sellers than pull the order for better price execution. Spend time understand the book, seeing the flow, stock price and you will be able to pick up on this quickly.
3. When looking at a breakout, if there the stock is quickly move through the the sellers on the ask and the book above those prices is thin, you can expect a quick pop. When that moves higher, look to see where resistance forms and prices stabilize. Same goes for a decline. This will, as I mentioned previously, will help you see resistance at the top and bottom to generate the best price execution for you on the buy and sell side.
4. It can be A LOT of data, I filter by size, which might be dependent on your platform. I set a min of size at least 1000 or 10000 depending on the stock to filter out the small noise.

I think this is a good place to start as you think about order flow, liquidity and looking at an order book to help you make more money in trading, short or long term. Hope this was helpful, I am sure I missed something but happy to answer any questions.

Nice write up. However, Large institution do not place their orders ahead of time, actually they are notorious to either hide their orders or place fake orders. I also feel that looking at orders second by second isn’t a good trading habit, it is more like scalping than trading, you might make lunch money, but big profit only exist in higher time frame. My opinion of course... I do use the matrix all the time, but only to babysit my trades or move my stops and targets.

[denmanproject]

Anyone else in BB? what a ride this week!

[huncho]

Originally Posted by denmanproject

Anyone else in BB? what a ride this week!

i've been in it since december and unfortunately didn't sell in january...riding it out though

[huncho]

"Makeup sales skyrocket as mask mandates lift"

"There appears to be several big makeup brand winners emerging.

L'Oreal's Maybelline brand has seen sales spike 28% over the past four weeks. Coty-owned Cover Girl's sales are up 21% during that same timespan. "

https://finance.yahoo.com/news/makeu...202521341.html

[7sins]

Originally Posted by huncho

"Makeup sales skyrocket as mask mandates lift"

"There appears to be several big makeup brand winners emerging.

L'Oreal's Maybelline brand has seen sales spike 28% over the past four weeks. Coty-owned Cover Girl's sales are up 21% during that same timespan. "

https://finance.yahoo.com/news/makeu...202521341.html

Beat me to posting this. From the article: "The cosmetics segment has seen the fastest sales growth these past three months out of the beauty care categories tracked by Nielsen. In second place is a 15.5% growth rate for fragrance sales."

I would say that is pretty good news for COTY being the world's LARGEST fragrance company. Just wait to Europe starts to fully open, YoY comps are going to be incredible. Back in the 10s in no time.

[vipereaper30]

Biocryst continues to fire on all cylinders and just had a recent call with Jeffries that was outstanding. Link here if you have a spare 26 minutes: https://wsw.com/webcast/jeff174/bcrx...45?mobile=True

A couple of highlights are that Orladeyo is showing better efficacy in the real world than in trials, and that the company is no longer hand to mouth for cash with current sales feeding their pipeline.

I've been recommending BCRX here since initial approval in the $6-7 range. It's at $16 now and based on current guidance should be valued at $28 for Orladeyo *alone*.

[vipereaper30]

And for my fellow AUPH investors, they also participated with Jeffries today. If you have a spare 29 minutes you can check it out here: https://wsw.com/webcast/jeff174/auph...14?mobile=True

Bottom line, it was no BCRX call unfortunately. I'm still happy with my add at 10 but damn they aren't helping themselves. I'm hanging on for now but they've got one full quarter to give me a reason not to bail. And I'm not very confident.

[CastorKrieg]

What are the best places to educate myself in investing? I have been reading posts you guys make, most of the time I understand the play, but not the reason or how you get info.

I am thinking of selling off Tesla, bought at around 400 so still way up, but too volatile. I also put a part each month in ETF and nominal 100 EUR in crypto because it's a gamble I'm ok with.

[vipereaper30]

Holy BCRX, congrats to my fellow longs this one has legs. I think I've said this before but it's giving me flashbacks to PCYC.

And speaking of PCYC, Dr. Richard Miller has a strong team at CRVS and was the brains behind the science and development of Ibrutinib. At a 100M valuation Corvus Pharmaceuticals is being given away. Obviously very early in the development stages but the risk/reward presents a significant opportunity.

[pearson1995]

I know it’s mostly Americans on here, but have any of you guys invested in the English company Synairgen?

I’m very bullish on them, they are in the process of producing an anti viral drug, which has been in the process for years, but due to COVID looks very promising.

My favourite stock right now... but not really talked about much so I doubt it’s getting much attention across the pond.

[beshannon]

Originally Posted by pearson1995

I know it’s mostly Americans on here, but have any of you guys invested in the English company Synairgen?

Sorry no. Not my kind of stock

[bimmer nerd]

Originally Posted by CastorKrieg

What are the best places to educate myself in investing? I have been reading posts you guys make, most of the time I understand the play, but not the reason or how you get info.

I am thinking of selling off Tesla, bought at around 400 so still way up, but too volatile. I also put a part each month in ETF and nominal 100 EUR in crypto because it's a gamble I'm ok with.

https://www.tastytrade.com/learn

[bimmer nerd]

Originally Posted by denmanproject

Anyone else in BB? what a ride this week!

I gambled $1,000 last week and sold for $6,000. Better than going to Vegas I suppose, but don't plan on trying my luck again with other meme stocks.

[AshCashEmAll]

@7sins is it too late to buy sofi warrants? Have some extra money I would like to put in solid positions


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[AshCashEmAll]

Now it’s too late...


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[CoveWatch]

Originally Posted by AshCashEmAll

@7sins is it too late to buy sofi warrants? Have some extra money I would like to put in solid positions


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Crazy run up to close and AH action. Will probably be volatile for a while so maybe look for dips.. personally I would only get in it if you like the company and long the stock.

[7sins]

Originally Posted by AshCashEmAll

@7sins is it too late to buy sofi warrants? Have some extra money I would like to put in solid positions


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SOFI just broke through $25 AH, looks like some larger institutional trades near the end of the da. That is almost a $20B valuation at ~$600m yearly revenue. Valuation is starting to getting loft currently but it looks like this is starting to gain popularity on reddit with CLOV taking off today. Who knows where they will take it in the interim, I presume they are targeting the high short position which was a result of PIPE investors boxing in their position. RobinHood with slightly larger revenue is being valued at $40B for relative perspective.

If they announce their expected bank charter, than all bets off and we are off to $30-35 very quickly and you have an A star management team paired with their innovative Galileo platform. Only one analyst for coverage from Oppi with outperform rating at $25. I pounded the table on here when warrants were $4.50, they are $10 now, which is still at a discount as the warrants catchup to SP (also this gap will close when SOFI redeems warrants) - about $3.50 discount.

I would expect significant volatility (hopefully upside) the next few weeks and buy on those dips. Also add into the mix the market is moving higher and is at ATH which is also contributing. At the moment, I would be buying options to play momentum before IV moves even higher. It was less than 5 years ago when SQ was trading at $10, I believe this will be a disruptor in years to come but watch very carefully the next few weeks. I still have my full SOFI position, although I have trimmed a lot of my other positions to take gains as the market has climbed and sit at my highest cash levels ready to deploy.

[BroncoOne]

WEN
Thanks redditors

I was waiting for Inspire Brands to buy it or PZZA but I’ll take this money