LPCN - Lipocine - PDUFA August 28, 2020 | Biotech Swings 👨‍⚕️💉

Maverick 02:07 AM - Jul 21 2020

LPCN - Lipocine - PDUFA August 28, 2020

LPCN

currently 1.34 (July 17)
47M o/s, flot 46M
chart in a nice slow uptrend
cash ok for a few more months: 12M, offering after PDUFA
PDUFA date August 28, 2020 on their Low Testosterone drug
I like this one, looks like a slow roller

Screen Shot 2020-07-21 at 02.07.31.png 108.9 KB

Comments

Maverick - 3 years ago

Exited at 2.25 (from 2.10). Went to 2.39 shortly after I sold. Strong.

I doubt I'll re-enter this one, it's been a solid ride from 1.50.

Good luck @Ace6

Ace6 - 3 years ago

Glad it worked out for you. Gonna hold til the 28th or it hits $3. Whichever comes first

Ace6 - 3 years ago

Holding this at 2.17

Maverick - 3 years ago

@Ace6 nice. I think we're golden for another 10-15%. Just don't hold through FDA decision... ☠️

Maverick - 3 years ago

On Monday, I went in 2.00 and sold 2.20.

On Wednesday, I bought a good tranche of it at 2.10 to ride for ~10 days.

Maverick - 3 years ago

Tempted long enough. I'm going back in on Monday if it's still around 1.85.

Maverick - 3 years ago

I exited this at 1.85 (from 1.50) and it kept on trucking to 1.99, then pulled back to 1.84 where it's at right now. I am tempted to go back in because the catalyst is still almost 3 weeks out.

Maverick - 3 years ago

Hit 1.69 in after hours on Friday. Looking good here. PDUFA cometh...

Maverick - 3 years ago

Bought this twice last week - average is 1.50.

I'll take a dip if it comes. Still have ~30 days before PDUFA.

Maverick - 3 years ago

ANOTHER one that took off without me.

Closed today at 1.53 (+14% from Friday..)

It's hot out there, y'all.

This one isn't even COVID related. It's Low-T!

No position right now. Come back down....please?

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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.