GRTS - Phase 1 data on July 13, 2020
- Currently 6.84
- 37M O/S
- 24M float
- Phase 1 data for their immunotherapy candidates for solid tumors being released/presented on July 13 @ 8am EST
- I like solid dates like this instead of ranges like "2Q"
- Chart is flat and looks like it just started to tick up today
- Should be able to squeeze 7.50 - 8.00 out of it
- Enough cash for this year, but they are definitely burning it up fast
- I am going to try to pick some up around 6.50-6.75 for a two week swing
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Comments
Maverick - 3 years ago
Ooof. This got drilled today after their catalyst. -50% to 4.02.
I hope anybody that was in this one got out prior to the meeting event/data presentation.
If you didn't, I encourage you to never hold through data. The risk is just too high. Yes, you'll miss the occasional 'amazing data' and it moons, but you'll miss the far more frequent sell on news or 'not as expected' data...
I hope anybody that was in this one got out prior to the meeting event/data presentation.
If you didn't, I encourage you to never hold through data. The risk is just too high. Yes, you'll miss the occasional 'amazing data' and it moons, but you'll miss the far more frequent sell on news or 'not as expected' data...
Maverick - 3 years ago
For any of you that stayed in this one and stuck to the plan - well done!
Reminder that their data event is tomorrow at 8:00am EST. Good luck, if you're still in! 🤞
I knew my exit was an emotional trade and still did it. 🤡 Had I stuck to the plan: The catalyst date for this is next Monday at 8am - I intend to be out by Friday to avoid any surprise news releases ahead of the call.
..would have felt the impact of that last green candle. 😍
Reminder that their data event is tomorrow at 8:00am EST. Good luck, if you're still in! 🤞
I knew my exit was an emotional trade and still did it. 🤡 Had I stuck to the plan: The catalyst date for this is next Monday at 8am - I intend to be out by Friday to avoid any surprise news releases ahead of the call.
..would have felt the impact of that last green candle. 😍
Maverick - 3 years ago
This one has proven incredibly boring so far.
It showed some signs of life today, turned a little green.
The catalyst date for this is next Monday at 8am - I intend to be out by Friday to avoid any surprise news releases ahead of the call.
Still looking for 7.75 here.
It showed some signs of life today, turned a little green.
The catalyst date for this is next Monday at 8am - I intend to be out by Friday to avoid any surprise news releases ahead of the call.
Still looking for 7.75 here.
Biotech Swings 👨⚕️💉
Created By: | Maverick |
Created: | Jun 25, 2020 |
Total Followers: | 5 |
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The strategy here is simple: take 3 to 60 day positions in biotechs that have upcoming catalysts (data readouts, approvals, etc).
Offerings are the major danger, so always be mindful of cash position of the company you're trading.
Offerings are the major danger, so always be mindful of cash position of the company you're trading.