Not to be a douche or anything but I'm feeling pretty good about this:
I took all my scholarship money (~$9k) and invested all of it in mid-January. It's now worth $15k. Maybe I got lucky, but I have a pretty good feeling about what I'm doing. I've gotten burned before but this is awesome.
Carry on.
Btw I've said this before but right now I think the biggest investing opportunity is NeoProbe (NEOP) - I personally have a lot of money in it and am holding off until it reaches $15. Look into it yourself but I have called this one before and was dead on - TheSituation can vouch for me ;-)
What did you get NEOP at
The first time I bought it was at $1.20, but that was a while ago. I've been trading it semi-frequently since then (some weeks I will buy/sell 3 or 4 times, but recently I have just been holding onto it). The 3 batches I have right now I got at an average $2.50.
Sell us on why we should buy.
The company has 2 drugs in stage 3 FDA approval. One of them should have a decision out within the next few months. The other has a timespan of a year or two, but the company will probably be an acquisition target before then.
The drugs aren't even "drugs", they are cancer probes, so they are relatively safe and don't have any nasty side effects. Don't see why it wouldn't pass.
Obviously it's still risky but when drug 1 passes I see the stock above $5 (at least). I think it'll go up from there as people buy into it (it just got listed on AMEX) and hopefully it gets acquired soon after, at a nice premium. If not, drug 2 should still pass and send the stock above $15 (my own opinion).
Btw the drugs are Lymphoseek and Rigscan. Feel free to look them up yourself.
mmm, i'd just say to be careful overall. some stocks have been doing ridiculously well. How many times on average do you trade on a weekly basis and how do you diversify your investments?
take this for example, one of my portfolios i made from mid-december of 5k is now worth 21k, most of it was luck though i would say (for example i project a 2% increase but it goes 9%), this has happened to a lot of the stocks i have been buying...
I have some AAA rated NINA mortgage bonds for sale that could be right up your alley!
Sure can I pay for them in Lehman stock?
Everyone is a genius in a bull market... :)
Yeah bro but I'm more geniuser
I invested in XL in December 2008 at around 3 and now it is at 22.83. What you think about those returns?
That's about 97% per year... welcome to the double-digit club
Ohh...biotech...lol good luck...
Haha
Wow $6k should get you an entry level Rolex.
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