TORC - Parkinson's data by June 30 | Biotech Swings 👨‍⚕️💉

Maverick 21:48 PM - Jun 24 2020

TORC - Parkinson's data by June 30

ORC - currently 2.12
• O/S 36M, float 27M
• Plenty of cash
• Parkinson’s data by June 30
• Interesting merger: https://www.benzinga.com/pressreleases/20/04/g15905136/restorbio-and-adicet-bio-announce-merger-agreement-to-advance-allogeneic-gamma-delta-car-t-cell-th

Comments

Maverick - 3 years ago

Currently 2.45 and they still haven't released that Parkinson's data. 🧐

The merger is still on for end of year.

I was hoping to get the data out of the way and then go back in prior to merger happening.

Patrick M - 3 years ago

This one killed me. I was in at 2.06 and held for weeks. It didn't really move much. I sold at 2.09 on 7/02. Literally 20 mins later, it jumps to 2.30 then 2.50, leaving me frustrated. Bah humbug

Maverick - 3 years ago

@Linus what did you end up doing here?

samosa - 3 years ago

Got in today at 2.12 for round 2. I will probably hold until Friday

Maverick - 3 years ago

I was just going to say it's a risky hold over the weekend, as data is due by Tuesday.... 🌶

Maverick - 3 years ago

I have been in/out of this one already in June - 2.11 to 2.32.

I am looking to get back in ahead of data event which is next week, though it could drop early.

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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.