Domain: tiger-web1.srvr.media3.us AUPH - Aurinia Pharmaceuticals | Page 64 | Money Talk
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re: AUPH - Aurinia Pharmaceuticals

Posted on 1/26/21 at 8:46 am to
Posted by jmcwhrter
Member since Nov 2012
7835 posts
Posted on 1/26/21 at 8:46 am to
If this frickin stock goes right back to where it was pre-approval..
Posted by S1C EM
Athens, GA
Member since Nov 2007
11594 posts
Posted on 1/26/21 at 9:08 am to
What's with the drop? I'm sorta waiting on a good jump-in. If it's going to keep declining, I'll hold longer.
Posted by jmcwhrter
Member since Nov 2012
7835 posts
Posted on 1/26/21 at 9:33 am to
the next catalyst will be sales numbers.. and people would rather chase after bullshite like Gamestop
Posted by redfishfan
Baton Rouge
Member since Oct 2015
5415 posts
Posted on 1/26/21 at 9:41 am to
quote:

the next catalyst will be sales numbers


I think you're correct. This is just giving me more time to buy more shares with each paycheck I get.
Posted by jmcwhrter
Member since Nov 2012
7835 posts
Posted on 1/26/21 at 9:46 am to
this price action makes no sense to me.. I guess retail that fomo'd in on the announcement yesterday are panicking and dumping at a loss...?
Posted by castorinho
13623 posts
Member since Nov 2010
87127 posts
Posted on 1/26/21 at 9:50 am to
Yes the movement itself was expected. But I thought it'd be at a higher level.
Lots of people jumped in Friday and Monday for the quick money.
It'll continue to bleed until the buyout.
Posted by jmcwhrter
Member since Nov 2012
7835 posts
Posted on 1/26/21 at 10:02 am to
I guess you could call this bleeding..
Posted by castorinho
13623 posts
Member since Nov 2010
87127 posts
Posted on 1/26/21 at 10:08 am to
Obviously it's not good. But the rest of my portfolio is kicking arse, so it's masking it for me. It will be $40 in the next six months. Whether it's via buyout or after that first quarter call (May).
Posted by TxWadingFool
Middle Coast
Member since Sep 2014
5585 posts
Posted on 1/26/21 at 10:12 am to
Going to jump in at some point today.
Posted by redfishfan
Baton Rouge
Member since Oct 2015
5415 posts
Posted on 1/26/21 at 10:25 am to
Am I doing the math wrong? Why would anybody be selling this. Is at least undervalued by 2 billion and after we see some sales numbers it could be undervalued by 5-8 billion.
Posted by castorinho
13623 posts
Member since Nov 2010
87127 posts
Posted on 1/26/21 at 10:31 am to
quote:

Why would anybody be selling this.
because people don't want to have their money tied up in a while when they can get GME to the moon in a day.
Posted by TxWadingFool
Middle Coast
Member since Sep 2014
5585 posts
Posted on 1/26/21 at 10:33 am to
Loaded up at 17.49
Posted by redfishfan
Baton Rouge
Member since Oct 2015
5415 posts
Posted on 1/26/21 at 10:33 am to
quote:

because people don't want to have their money tied up in a while when they can get GME to the moon in a day.


Fair enough.
Posted by GAFF
Georgia
Member since Aug 2010
2737 posts
Posted on 1/26/21 at 10:38 am to
Honestly I’m selling if it gets back to $18 (which it probably fricking wont). I’m kicking myself for not selling when it was at $20. I did this same shite last time it jumped and bled back out. Great company but I have too much tied up in it that I could put into other prospects in the short term. I’ve missed out on over 20k by not selling the highs on the past two pops alone. That’s not counting the possibilities of other profits that I traded in with lower capital. Great company but for whatever reason can’t hold its share price. If buyout talks heat up (which it probably will when I pull out) I’ll jump back in. Just fricking sucks when I think what SHOULD have been.

The more I thought about this the more it irked me. I’m well aware this is a “dear Facebook” post but regardless. This stock has hit low 20’s twice. Both times it steadily walked itself back. The spike after P3 was supposed to be the preview of the FDA approval. It lasted all of 2 days before retreating. All the longs “including me” thought the approval would be the one. The big one. The consensus was low 20’s. Once again it only held for 2 days. Now that it’s only 2-3 points from where it was originally everybody is saying the buyout will be the one. I’ve watched my Apple go up, split, and go up again. I’m not saying this is a bad stock. It’s not. But I can’t keep pretending this is the diamond in the rough when it keeps proving to me it’s not. There are many many better options out there. Kudos to you guys that have hung on and continue to do so. I wish you all the luck. At $18 I’m at out.
This post was edited on 1/26/21 at 11:33 am
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 1/26/21 at 10:44 am to
quote:

Honestly I’m selling if it gets back to $18 (which it probably fricking wont). I’m kicking myself for not selling when it was at $20. I did this same shite last time it jumped and bled back out. Great company but I have too much tied up in it that I could put into other prospects in the short term. I’ve missed out on over 20k by not selling the highs on the past two pops alone. That’s not counting the possibilities of other profits that I traded in with lower capital. Great company but for whatever reason can’t hold its share price. If buyout talks heat up (which it probably will when I pull out) I’ll jump back in. Just fricking sucks when I think what SHOULD have been.


Why not sell $18 calls against your underlying right now? That way, if it goes to $18 or above, you get your price target and some additional premium, but if it goes back down, you at least collect some premium. The calls on this one have a nice premium right now. You can collect nearly a buck on the $20s.
Posted by GAFF
Georgia
Member since Aug 2010
2737 posts
Posted on 1/26/21 at 10:54 am to
I have no idea how calls work. Every time I think I have them figured out I get burned
Posted by S1C EM
Athens, GA
Member since Nov 2007
11594 posts
Posted on 1/26/21 at 10:58 am to
quote:

because people don't want to have their money tied up in a while when they can get GME to the moon in a day.


Did I miss something? Why is Gamestop expected to moon?
Posted by GAFF
Georgia
Member since Aug 2010
2737 posts
Posted on 1/26/21 at 11:01 am to
quote:

Did I miss something? Why is Gamestop expected to moon?


WSB’s are doing a short squeeze against a financial company
Posted by jmcwhrter
Member since Nov 2012
7835 posts
Posted on 1/26/21 at 11:31 am to
I swear if this management does another offering to cap off this putrid approval "pump"....

Posted by S1C EM
Athens, GA
Member since Nov 2007
11594 posts
Posted on 1/26/21 at 11:52 am to
So are we now in a "no buy" zone?
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