»

[tony]

Personally I wouldn't risk selling on monday just in case the FDA does come through as scheduled. The risk doesn't seem to justify the reward.

[bobshishka]

Its popping nicely in AH trading- up to 7.81

[Spinner]

Flying in the $7.80s right now, shame we didn't see this at the end of regular trading but great news nonetheless.

I feel like I've been waiting for the FDA *forever* so it'll be nice if they actually come out with a decision on one of the stocks I hold, even if it's a negative at least I'll be able to move on!

Hoping for a Monday result,

Cheers, Spinner

[w00tw00t]

crap
I forgot I have my exam on monday till 4:30 pm and nasdaq opens @ 3 pm O.o

[wooster]

Originally Posted by Spinner Flying in the $7.80s right now, shame we didn't see this at the end of regular trading but great news nonetheless. I feel like I've been waiting for the FDA *forever* so it'll be nice if they actually come out with a decision on one of the stocks I hold, even if it's a negative at least I'll be able to move on! Hoping for a Monday result, Cheers, Spinner

Yes, the end of the trading session was a little unexpected to me, particulalry the push down to 6.5, market manipulation to let some players in or people following a strategy to take some profit pre-FDA decision? I'm guessing the later - but definitely a nice AH run. I'm in this for a small stake, so I just let it all ride....

Questions for everyone, how do you play your stop losses with these pending bio-pharms where any FDA bad news outside of market open could cause an opening bell price WAYYYYYYYYY below your trigger, or I suppose even with FDA bad news during market it could plummet so rapidly that you don't catch a price anywhere near your stop loss. As an example I am in here at about 5.2X, have a stop loss near that point, but with a small stake would rather just hold the bag on this for the long term than cash out in the 2 to 3 dollar range.

Thanks!!

[bobshishka]

Wooster-

Generally we do not set stop-losses on biopharm stocks. They will do much more damage than they will help.

[Spinner]

Generally we do not set stop-losses on biopharm stocks. They will do much more damage than they will help.

Agreed, stop losses on this sort of stock (as has been proven time and time again with HEB over the last month) are liable to cause you no end of pain.

a) Your stop has zero chance of preventing any real damage in the event of FDA rejection: there will be very few buy orders matching against a wall of sale, and your order will just end up executing at the bottom of the heap. You can mitigate this somewhat with a stop limit but that would still leave you open to (b).

b) Your stop has every chance of costing you your shares at the hands of some expert manipulators.

After watching with interest how people can be played I'm only using stops to secure trades on larger (and non-biotech) companies now, when the situation warrants. Money in biotech speculation is inherently risky, and you have to be prepared to write it off as a long term hold in the event that things go South.

Of course, if you've played the free shares (tm) route you're covered no matter what and would still be able to walk without a loss!

BDSI seems to have had a lot more stability in it's approval run-up than other comparable stocks, I expect this to change next week if there's any delay in the FDA decision as the manipulators move in.

Cheers, Spinner (in at $5.49, no free shares and prepared for a write-down)

[rbe350]

I agree with Spinner on this, HEB taught a lot of people not to set stop losses. ADLS and HEB both show that there's opportunity after bad news anyway. ADLS went to .25 and closed closer to .4 the day the infectious diseases advisory committee voted against its efficacy (June 2), and is back to .6 with a foray into .7x before profit taking. I increased my position by 50% June 2 and am glad I did (I think Sawri has much more aggressive position management and it would be good to see what he posted (it may be lost in the HEB thread)).

During HEB's Dendreon day, they went to 2.12 and back to 3.18 before settling at around 2.7. A lot of opportunity. Keep your wits about you, keep emotion at the door, and mitigate greed and you'll be fine.

Plus since you're playing a small position we're in the same boat. GLTYA.

[w00tw00t]

A very interesting report from stockshaven

Hot FDA Trade: BioDelivery Sciences International |

-The global market for pain medication generates annual sales of over $30 billion -Market for the proposed use of Onsolis™ to be approximately $700 million. -Might result in annual peak sales of over $200 million -Commercialization rights to Onsolis™ have been licensed to MEDA AB for N-A and EUROPE: selling products in approx 120 countries world wide

[lattes]

Originally Posted by rbe350 I agree with Spinner on this, HEB taught a lot of people not to set stop losses.

I have never set a stop loss in my life and I have never REALLY regretted it. Then again, if you can't be in front of your computer through the trading day and have something volatile that you don't want to be in long term they can be a good idea.

I almost never trade anything that I wouldn't want to be in long term so I usually just average down instead of setting a stop loss.