any new thoughts on this one @Tupack Mcsnacks
$ChemoCentryx Inc(CCXI.US$ any new thoughts on this one @Tupack Mcsnacks
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Mcsnacks H Tupack : It’s just consolidating because the next move up is huge. Only 6 more market days until it goes up 300-400% or down 50%. Odds are 99.7% it goes up. Needs about 20 million in volume on green days to move up to 27.00. But if it makes it to 22.50 it will squeeze so they are trying to keep it below that.
Mcsnacks H Tupack : People should start piling in next week. I know some were waiting on a dip But it hasn’t gone below 12.00 in 2 weeks. Wednesday when it went to 12.12 seems to be its lowest point. If it closes above 13.24 tomorrow then it’s on above its 50ma and will uptrend the until July 7th.
Mcsnacks H Tupack : I’m selling a good bit of my stocks tomorrow and going all in on it. Looking for a dip between 12.61-12.81 for my last load up. That should put me around 4000 shares with an average of 12.40. Looking to sell at 80.00 for $320,000 But I’ll take 45-50.00 even
Mr Trecherous : That's alotta Catnip
wizard sleeve OP : I’m hearing and reading about a possible extension. Would that effect the price?
MrSaucy : I'm gonna ride untill the $ChemoCentryx Inc (CCXI.US)$ 27.00 Mark since I bought 8 shares at 12.50
MrSaucy : If I would of knew early, I probably would of bought @Tupack Mcsnacks at 10.50 a share. I'm new so very slowly building of my bankroll. it will be be nice if I could get a 100,000 loan from my bank and profit another 100,00 and work with that. but you have to make money, study the stocks, analysis. @Tupack Mcsnacks Can you tell me about the short squeeze and i
how to used it at you're advance?
Daniel Zn : Looks good @Tupack Mcsnacksthis is such a great call, I’m so green on this, and it’s gonna be insane come next week. Only put 15% of my portfolio on it though, perhaps I should increase the %, of course buying $10 puts in case the stock crashes
Mcsnacks H Tupack wizard sleeve OP : No They cant extend it because it’s a PDUFA. That means CCXI paid to have it approved or not by this date. They can approve with a request of more information in 6 months and then continue the approval or revoke it. But they will have already made most of their money by then.
Mcsnacks H Tupack MrSaucy : Watch the option contracts. Whenever the price puts all of them in the money then it’s a squeeze. That means the short sellers have to buy their shares and sell them or return them for a loss. It doesn’t happen very often. The SEC has started making the companies file for more shares instead of making the short sellers buy theirs.
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