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Not financial advice. $ANNX Large amount of money on hand barely any liabilities with a current trial phase in the process.
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Have you looked into ANNX? They have two drugs in development tanruprubart for Guillain-Barré syndrome (GBS) and vonaprument for Geographic Atrophy (GA). The GBS drug has an EMA application filed in January, and they plan to file a BLA after incorporating initial data from a FORWARD study to support generalizability in U.S. and European patients since phase II and III were run outside US. The GA drug has Phase III results expected later this year. Phase II showed strong vision preservation but didn’t significantly slow lesion growth so it technically missed on its primary endpoint. Because of this there is some uncertainty but from some of the investor conferences they said they setup the Phase III trial around preserving vision rather than lesion growth. If both drugs succeed I expect at least a 5x from current price. They have a year’s worth of funding and just got a deal for 200m depending on milestones achieved. Let me know what you think.
Did something similar with $ANNX. They paid extremely well after half a year. But so far I think yeah this is too early
BDTX ANNX AVXL CGTX some interesting bio pennies I found
\+4.33 That is before the ANNX jump today.
ANNX, promising drug pipeline and potential big year
$ANNX calls to you t hough doesnt it? Lol
I like ANNX, lead pharmaceutical for GBS which currently has little to no direct competitors. MAA submitted to European market approval. At $5 I see it as a win.
ANNX. 2 years away from blindness sopping/slowing drug. Do your own due diligence. Europe is courting them to apply
0.04 days to cover is literally nothing..... I got out at $8 took profit. Don't get caught holding the bag. If you want a new play check out ANNX. High short interest 4-9 days to cover. Stock is climbing. Options starting to fill in which is something SGBX lacks.
$ANNX biotech nearing BLA submission for GBA. News should be coming in the next few weeks that will cause a pretty big jump if positive.
Where my speculative pre-approval biotech gang at? ANNX popped 10% premarket then back to baseline. Was up 30% the last day that happened.
Is the ANNX there ? Is it possible to know?
Never give up, never surrender! $TPET $ANNX $GTEC $RVSN (😂😭🤦🏻)
Wells Fargo is still the fourth-largest bank in the US. BTW, Bank of America and JPMorgan – basically the two biggest banks – also rate ANNX as a Buy.
#**TLDR** --- **Ticker:** ANNX (Assuming Annexin Pharmaceuticals based on the provided info) **Country:** Sweden **Direction:** Up **Prognosis:** Buy (Based on OP's enthusiasm and the "undervalued" claim) **Catalyst:** Leaked internal document hyping potential of their biologic for Retinal Vein Occlusion. Discord group already owns 10% of the float. **Beware:** OP is part of a Discord group potentially pumping this stock. Do your own DD.
Hey, thanks a ton. I really appreciate the feedback. I did sell a put on Ford and KeyBank also. I guess selling ANNX was dumb. I had money left over and thought I should use all my capital. I'll look into illiquid options and learn more about why I should be avoiding them.
The #1 rule of selling puts or covered calls is to do so on quality stocks that you don't mind holding if needed. Is ANNX a stock you are good holding? If so, then either close for a loss or let the put expire to be assigned and start selling covered calls. A couple comments are that ANNX is a low volume and illiquid stock so is generally less suitable for options trading. See why illiquid options are not good to trade - [Illiquid Option: Meaning, Overview, Disadvantages (investopedia.com)](https://www.investopedia.com/terms/i/illiquid_option.asp) The company is also losing money, so it should be no wonder the price is dropping. One last thing is that stocks that are priced <$10 are typically lower performers and have higher risks. As you're seeing BB and rsi, along with TA, is generally not useful or reliable. You choose a poor stock as a new trader, and you'll find out that not all stocks are suitable for options. Not a recommendation, but maybe look at a stock like F as a profitable "blue chip" that has great volume and liquidity but is still lower priced.
How bad was this cash secured put? ANNX 4/11 I sold ANNX with the stock price at $6.05 on 4/11/24. The delta was ~-0.5, I forget exactly. With a strike of $6 with a $.65 premium. Since then ANNX has absolutely tanked. Outside of bol bands rsi is lowest in a long time. I'm new to selling puts/calls and just wanted to see if this was unlucky or just plain stupid. Thanks.
I’m also getting into small cap biotech here. Have you looked at MREO, ADAP, or ANNX at all? Bigger cap but one I love is IOVA.
I was going to buy when it was at 7.5 but played $ANNX instead for earnings. I hope I didn’t fuck up
ABEO and ANNX. They won't be front page news but I'm sure I'll have much bigger gains than what ever the next front page news is.
In my research they have bad news about project they work for. ANNX did not fix some vision problems so prices go down but I just checked the biggest competition APLS, they are working for the same problem named Geographic atrophy (GA) so I see in the past APLS had the same situation with bad news and down prices and then pump next. I believe it is normal for biopharmaceutical companies.
I am a bot. You submitted a picture of a banned ticker, ANNX. The market cap of ANNX is **292372900** This check will fire if you included unnecessary pictures that have bad keywords/phrases. Repost with the useless pictures omitted if you did that.
You gotta do DD on them. I flipped ANNX this week for a 20% win. It dropped because a few people quit the drug trial despite the majority having good results. Only two of the people who dropped out were for bad side effects of the drug. Shares dropped like 33%. Seemed obvious it’d go back up so I grabbed it.
Up 12.5% on ANNX in two days. Flipping pharma companies after big drops despite good test results is like free money lol