CB

Bilbo_Butthole

My CB on HPE is $14.93, ama

Peirsein

My CB is $200 so it will go to $199 then crash again

Thevsamovies

CB is pretty high, in the 50s, atm cause this is a new position. Calls are $46 strike price.

Dick_Indadert

I still have 100 shares of PLTR. I have been selling CCs on it for a while. My cost basis is now about $26. Should I just keep flogging it for premiums until the CB is $0, or -$? I was doing the CCs for experience, sometimes BTC to capture some profit on dips and so the stock would not be called away to see how all the steps worked, now want to think of a more long term or terminal plan for this stock position. Also a quick question about an ASTS call option I bought stirke 85$ for $15.22 expiry June 26. Last week the price of the option ripped to about $50 (stock price $133), now its down to about $20 (stock pulled back to about $111). Does theta affect how/if the price of the option will increase if the stock prices goes back to $133 by June 6th, or June 13th? Is there diminishg returns after price pull backs even if the price recovers as time burns?

LetsMoveHigher

Well said 👏... This is exactly what is going to happen. This is a rule change to such away your early invested shares of proven companies (Google, CB, Apple ect). The after you sell guess who will move in and buy those shares up. Very sad time to be invested in U.S. Scam Markets but what else do you do? Their own pres ident stated, "It's a casino"!

Total_Rice422

I understand profit is profit but momentum is on our side right now. I sold half my Intel shares at $83, my CB is $27. Sold waay too early, it climbed to $120. My AMD is scaring me but again momentum is on our side. Take profits but dont sell everything, never. I really hope your dumping it into something else and not sitting on the side lines with a bear attitude.

BCECVE

Just bought Chubb Insurance CB, Campbell Soup CPB, General Mills GIS, and my and my flyier Conagra CAG. All have PE of 11 or less. The food stocks are decimated and pay beautifully - we still need to eat food don't we. Also CB is property insurer for the rich -mansions, jets, yachts. Those rich bastards love their toys and will pay. Pretty gutsy to have it all in high tech except for WMT.

Supertainment

CB Consumer confidence print came out higher than expected, rippity rip time

No_Shine_6124

Yo. We are witnessing an economic tectonic prehistoric shift. Source: I’m on 2CB and K

StoneyBalogna7

Prefer CB. Best in class.

LumpyShock9656

Feel free to load up. I'm just not calling 215 an ATH. My CB is 170

BCECVE

Why are you ruining my day - damn it. I was wondering why Googles cloud business was up 60%. I thought that was a low margin business but the stock popped. Back in 2000 everyone was dumping boring old stocks and picking up the latest tech stuff. I had $60 000 and put it into two banking companies and one oil. After the dust settled three years later my portfolio was up to 180 000 and everone else was slaughtered. I was totally confused on what just happened. I think you are right about the comparison but where to put the money? Food stocks are just being given away, so are nat gas stocks, rails, property insureres.... so CNR, CB, TOU, haven't picked a foodie yet. Big in gold as well.

BudRal123

No many CB people go through this. Do I buy or sell? So much of it depends on your age. The stock market will go up and down. Fact of life. If you are young you have time for it to recover. If you are retired you don’t have so much time to recover and you may want to selling stocks and investing in long term interest savings. In your case I think you listed 4 stocks. The fewer stocks you are invested in the greater the risk. If you have a balanced portfolio you can generally withstand stockmarket downturns easier. The whole market may drop 20% but one stock could drop 80% and if you are holding a lot of it and not diversified you could lose most of your money. You have to determine your risk level.

RandomRedditor5689

Looks like even more has traded ... you can scan the daily OI and volume here. [www.barchart.com/futures/quotes/CB\*0/options?futuresOptionsView=merged&moneyness=allRows](http://www.barchart.com/futures/quotes/CB*0/options?futuresOptionsView=merged&moneyness=allRows)

Backroad4wd

I was trapped in it for almost a year before I averaged down to go green and exited at $300 CB 😂

seeellayewhy

I'm in a similar position as OP (and you I guess). I see continued long term growth opportunity in most of my holdings (that's why I buy). That said, and I guess for that reason, I've not really considered an exit strategy. You noted about keeping the low cost basis of the remainder which has me wondering something. I have several like this that I bought over time on a climb. Is there any reason to sell the low cost-basis before or after the high cost-basis? Assuming all are long-term (>1yr) to simplify things here. You'd have to sell fewer shares of the low CB to harvest the same profit as a higher CB lot, right?

vanman33

I fucking hope so. Literally my CB.

Thevsamovies

$1000 for 100 shares of a $10 stock. Sold for $1000. Let's say you bought at $500 so you made $500 profit. 500-150(30%) = 350 profit. Stock drops 15% to $8.50 a share. You buy 100 shares for $850. The stock goes back up to $10 a share. You literally own the same amount of shares but your CB is $8.50 so you'll pay less tax in the future than if it was $5. Regardless of all the other variables that go into this stuff, your own oversimplified math problem doesn't even display the results you claim it does. Lol.

jollygreengoblin2

100% don’t sell it. It’ll print. Just missed an opportunity to potentially get long term cap gains taxes instead of short. Have a few Jan28 $100 calls myself. OP saved $800 a call to buy compared to my CB of $2300 each. Also, lost a year of time. NOW should do very well, barring overall negative market influence.

Daveonaltair4

Not a beeper, but my dad had a CB radio in his work truck that I would screw around with while waiting for him. One day in the early 90s at the height of AIDS scare, I found a channel where a lady was telling this guy that tested positive for HIV and that he needs to get tested and he was losing his shit. It was crazy as hell and 9 year old me is like, "breaker breaker, any good fishin out there? Can I get a copy?"

DrSeuss1020

Absolutely! The CosPaTox rating that they just announced is very likely going under the radar but was really very nice to see. Opens up a whole other major amount of demand. If NJ can finally approve their regulations it would be a massive catalyst, but even if that takes longer this is still a 2-3 year play before seeing massive returns imo. My original thesis is still in tact and I’m hoping for this to be a million dollar position for me by 2030 (bought another 5k shares on this recent drop so new CB is $8.40)

Crazy_Donkies

No CB AH.

drew-gen-x

This is mostly a DXY devaluation trade mixed in with the euphoria of the AI circle jerk bubble. Buy any major dips in $VXUS, $VT, and $GLD . The economy sucks, but the Fed and all the other world CB's will turn on the money printers to go Brrrrrrrrrr on any major market correction.

Scannerguy3000

I was just looking at my UPS today. I don’t have $20k, but my options were closely with profit so I had to stop and think about next moves. I’ll tell you what I did, and would do in your situation. But, if you’re not familiar with these trades, I wouldn’t start something I’ve never done before. I’m not a licensed pro, and this is not financial advice etc. Sell OTM covered strangles. On my lots; I sold both 45DTE, calls above my cost (and adjusted cost basis, naturally), at a fairly low delta, maybe .20 or less. Don’t expect to get called. Same time, selling OTM puts, same date, at a price well below my CB and ACB. Also around .20 delta or further. Be aware, you have to have the cash to secure the potential assigned puts, and be willing to buy. Outcomes: Price stays in the middle, I collect 2 premiums, keep my shares, my adjusted cost basis on the whole lot keeps dropping. Price goes above the far out call strike, my shares sell at a price above what I paid. Price goes below my far out put strike, I acquire more shares, at a price that continues to lower my average cost. Important note: I usually will roll when they hit 50% premium capture or better, or around 21 days if they are at least positive premium capture. I don’t ever spend more money to get out of either leg. I’m ok getting assigned or called. I believe UPS will be fine long term. Oil wars and inflation hit all players. CEOs change, particularly when not performing. This strategy lets me keep my shares (probably), earn credit on both sides (at least one of the premiums will always be kept, usually both). And all the mechanics either continually chip away at my cost basis or sell for a profit. For comparison, I’ve had shares that I thought, “ugh these just turned into dogs”. I sold covered calls, or covered strangles on them until the adjusted cost basis was significantly lower. Like $10 a share lower, or down to single digit dollar cost basis, or even negative cost basis (rare, but it can happen). Then when/if the market likes them again and they do get called and sell off, I’ve been banking a substantial profit like a coiled spring. Usually when this happens I now have a big cash infusion, reduced equities, and if I’m on margin, my equity % goes up (or becomes 100%).

drew-gen-x

Ok it's all the DXY devaluation trade then. That is what the Fed has done since 2009. You asked me why I was buying foreign stocks like $EWY and $EWJ that looked to you like they were also in a bubble. Well look at World ex-US stocks from 2009-2026. They've only looked like they are in a bubble compared to 2021 prices, not 2009 prices or not compared to $SPY in 2009. Other CB's are now following the Fed playbook. BOJ is the easiest example. And US equities are still massively overpriced compared to other World indices that have yet to fully price in 20 years of the DXY devaluation.

drew-gen-x

BOJ will raise rates. They have already signaled a move to 1% by the of 2026. 1% doesn't sound like much but that is 125 bps move higher over the last 2 years while other CB's have/will be cutting interest rates. That should strengthen the Yen as the yield spread compresses b/w Japanese bonds vs US & EU bonds. People forget that all these world currencies are trash. You are looking for the temp cleanest dirty shirt. The Yen has problems; but so does every other fucking world currency.

Unemployable1593

i already have a CB that i’m ok with, but would be willing to add under the right circumstances

SomePolack

CB under $2 I’m up like 500% lmao

drew-gen-x

I agree. Japan 10 yr Bond yields are above 2.50% which is their highest yield since 1997. 2.5% isn't that high compared to most other CB's; but BOJ has held rates near 0% since what 2009? Anyone who has their borrowing costs increases a 1-2x over a year is going to notice. Especially those gamblers that use leverage to buy US stocks with loans in Yen.

a_latex_mitten

could someone remind me his CB?

eskhalaf

**Week of 4/27 Market News and Data** **Hello WSB members, this upcoming week is a heavy week, featuring the Fed Interest Rate Decision on Wednesday. Heavy companies are reporting earnings too** **Tuesday 4/28:** - CB Consumer Confidence (Apr) **Wednesday 4/29:** - Durable Goods Orders (MoM) (Mar) - Crude Oil Inventories - Fed Interest Rate Decision - FOMC Statement - FOMC Press Conference **Thursday 4/30:** - GDP (QoQ) (Q1) - Core PCE Price Index (YoY) (Mar) - Core PCE Price Index (MoM) (Mar) - Initial Jobless Claims - Chicago PMI (Apr) **Friday 5/1:** - S&P Global Manufacturing PMI (Apr) - ISM Manufacturing PMI (Apr) - ISM Manufacturing Prices (Apr) **Have a great week @WSBers**

Reverenter

This is the easiest money to make DD: The US won't let them fail for national security reasons. The global economy is tech and the only US semis are from Intel, and making that shit is no joke. Buy dips and wait for China to invade Taiwan within the next 3 years and you'll print. CB @ $25.41

drew-gen-x

New ATH's for $VTI (US), $VT (World plus US), and $VXUS (World ex US). Pick your flavor. Just don't be 100% in cash when all the world CB's and governments crank up those money printers to go Brrrrrrr

theremix18

What’s your CB?

Blade3colorado

This will inevitably happen . . . and, not because I have skin in the game (2753 shares @ $94 CB) either. OP provides specifics of why\*; and, 43 Wall Street analysts that follow this equity mostly agree. Ergo - based on 43 Wall Street analysts offering 12 month price targets for Nvidia in the last 3 months. The average price target is $273.57 with a high forecast of $380.00 and a low forecast of $220.00. The average price target represents a 37.42% change from the last price of $199.08. \*Good job OP!

drew-gen-x

I've joined banging the drum for BTD but I tend to not buy the economy is booming like others here. The economy and stock market are 2 different things. There are many people hurting in this economy. High crude oil prices usually always lead to a recession. The question is whether $100 crude oil qualifies as high crude oil prices after all the World CB's money printers went Brrrrrrrrrrr following COVID?? I tend to think $100 crude oil in 2026 is equivalent to $60 crude oil before the COVID money printing bomb. I am also against many here buying heavily into World ex US and especially the Pacific Asia markets that are energy dependent. These regions were outperforming the USA before the Iran War even thou the US is energy independent. Europe has its own self infected wounds so I'm less bullish there. But the world can afford $100 Crude Oil after the Covid money printing bomb. We were battling devaluation of the DXY and the Iran War. These are 2 separate trades that are both moving in the same direction b/c DXY has gone straight down since March 31st. But I don't think these 2 separate trades are both going up together for much longer. I'm betting on the DXY devaluation trade over the $SPY ATH trade. I do get your point on natty gas; but this AI cap ex data centers boom isn't being powered with natty gas. It's diesel & your home utility bills that are powering the data center buildout. Good Luck.

drew-gen-x

Stagflation hasn't been priced in yet. But the market is hedging that possibility w/ Gold. I think that's where we are headed thou until world CB's turn on those money printers to go Brrrrrrrrrr I'm just making sure I am hedging & also buying World Stocks ex-US & Gold along with my $VT and US stock buys.

supremekatsu22

Full port $20k into a volatile high beta stock but also has good fundamentals with high confidence and conviction of rebounding if it falls. Set a limit sell at whatever price you want to get out at, but don’t be greedy (e.g., 3-5% is reasonable, 15%+ is not). Don’t FOMO back in if it continues rising, take your gains and be happy. Never went broke making money, even if more money could’ve been made. If the stock falls instead, then sell weekly CCs at least at your CB to hedge. Continue doing this until the stock rebounds back up to your CB to ensure you didn’t lose money. Worse case, you become a bagholder but for a good company, so you continue selling CCs to hedge and make small premiums until the stock gets back to your CB at a minimum. Best case, you scalp a few thousand every day and repeat. Just another wheel strategy, but one that works very consistently for me at least.

Tommyd023

Brought to you by Chubb Limited CB

OPINION_IS_UNPOPULAR

I think it's a pretty solid idea, but my concern is the US not paying up it's guarantees, despite CB being the US's lead insurer.

Tommyd023

I was thinking about doing Chubb limited CB to get exposure to higher insurance premiums for ships crossing/stranded in Hormuz. Is anyone else doing this? Thoughts?

drew-gen-x

The bottom is already in. We were due for a pullback anyway w $QQQ up for 8 straight days. I guess $SPY was technically Red Friday. The bigger question is will $TLT catch a bid? If US Treasuries & DXY can't rally there is no reason to not BTD in equities. We're not getting deflation this time. All world CB's will go Brrrrrrrrrr before the EOY.

DueCompany4790

The difference is CB policy dumbass. That's literally the only thing, debt monitization became the norm post-GFC.

OftenOlives

I've moved a lot of my DCA over there to try to get my CB down. Christ helped me.

drew-gen-x

Inflation is much worse in the USA than Canada & Japan & most of the US other allies I believe. The one thing that turned me slightly bullish on equities is that I think the new norm is for all CB's to print and not mark to market banking losses like they did in 2008. I think COVID taught them to print themselves out of every economic problem. There are gonna be huge losses in private credit. But if Fed goes brrrrrrrrrr will markets even notice & fall that far??

Icy-Sheepherder-7595

Nice to see CB on here, pissed I sold it

drew-gen-x

Downvote all you like. This is free form discussion of ideas. Also this is the bottom before earnings. If the Big Tech AI Cap Ex hyperscalers continue to refuse to listen to the market and do not cutback on their AI cap ex spend they could definitely take the market lower after their earnings call. Also a few have asked why I have turned from bearish to kinda bullish. It's the DXY dollar devaluation trade. The USD is losing more value faster than I anticipated vs foreign currencies, commodities, & gold. I don't believe we are guaranteed to get that deflation we would in a normal, free market during an economic downturn. The world CB's may print & go Brrrrrrr instead to paper over our current economic problems.

Afr0Karma

CB follows BTC. As long as BTC goes down I think so will CB. Maybe end of year once BTC bottoms

drew-gen-x

We have 2 trades going on in the market right now. 1. The war/crude oil/ the economy sucks trade. 2. The DXY devaluation trade. DXY is back under 100. World stocks ex US are moving higher than $SPY on that trade this morning. If you look at the 3 month chart for $VXUS, that world indice ETF had a beautiful bounce off it's 200 DMA after putting in a double bottom. I think the bottom is in until Big Tech / AI cap ex hyperscalers start reporting. We may not get the deflation I was looking for if all world CB's go Brrrrrrrrr at the first sign of cracks in the economy.

FairMongoose5583

> Does this hurt Coinbase and Robinhood, or does it just expand the overall pie? that depends entirely on what fees they will charge and what coins they support in the future. fidelity entered the crypto market and charge a 1% fee for buying and selling. if schwab is the same, yeah they’ll enter the market and some people will buy but it won’t put a huge dent in CB or RH’s customer base. in order to compete, they’ll have to have lower fees and support more coins

RevolutionaryPhoto24

Definitely undervalued, very much like the company, but wouldn’t consider it a 5-10x. Also, I am wary of anything consumer facing. (Still holding at a CB of abt 22 tho.)

LordFaquaad

Idk if i agree with this. The war with Iran came out of nowhere and over the last 1+ year countries and their CB have diversified away from USD and gone with gold thereby weakening the petrodollar. That was the rally behind gold really. It wasn't being fueled by retail. Iran war shocked energy importers considerably thereby causing an asset redistribution. The war essentially brought back the prominence of the petrodollar.

drew-gen-x

I get shit on here for buying foreign stocks but I think what many people have missed is CB money printing is no longer US Fed approved only. Every CB is now following the printing to stimulate & create demand playbook. So if every CB is gonna print away their problems buy the cheapest world indices showing any growth 

Hot_Delivery5122

tbh selling calls way below cost basis is where a lot of people accidentally lock in losses without realizing it. yeah you’re collecting premium, but if it rips and you get assigned, that loss becomes real instead of just a drawdown on paper, the way to think about it is this: are you trying to recover the position, or are you okay resetting and moving on? because selling below CB is basically choosing the second path. if you still believe in the stock, it’s usually better to sell calls closer to resistance levels or just above current price, not aggressively below your cost, even if premium feels small. also the wheel logic only works cleanly when you’re neutral to slightly bullish, not when you’re stuck deep in a losing position trying to “earn it back” ngl most of the time the cleanest move is either hold and wait for a better level, or accept the loss and redeploy, this middle ground of forcing theta can backfire if the stock suddenly moves against you in either direction

drew-gen-x

Most of Reddit doesn't know what they're talking about. I agree w/ you short term; especially w/ US stocks. The $SPY is nearly 2x as concentrated in 6-10 stocks names vs dot com market cap levels. There's still that downside risk. It's just this place became such a bear's den; i couldn't help BTD and DCA into my long term World ex-US stocks & Gold positions. I am looking at that Gold chart, and my cost basis is around $3500 after BTD heavily around $4400-$4600. I somehow timed the last BTD right selling my $PHYS tax lots bought in that range in Feb at $5200. I might be pushing my luck hoping for $5k to sell these recent BTD gold tax lots. I think buying Gold at $3500 is a no brainer. Gold was just below $2k before Covid. CB's pumped the money supply up by 50-75%. The new fair price of Gold is $3500. I'm trying to thread the needle here b/w long term vs short term. I want 25% Gold, 25% $VXUS (world ex-US), 25% $TLT, and 25% World plus US or maybe just $SPY. Once interest rates reach 2% I cash out of $TLT and find a new trade. I haven't bought that last 25% US stock position yet; b/c despite reddit citing me as a perma-bull; I'm really not.

SlfImpr

**Per Bloomberg**: >Volatility from the Iran conflict has resulted in the **single largest month of value destruction on record, with nearly $12 trillion in market cap erased** across global benchmarks. [https://www.bloomberg.com/news/live-blog/2026-03-31/iran-war-live-updates-trump-oil-markets?cursorId=69CB4AFA69700000](https://www.bloomberg.com/news/live-blog/2026-03-31/iran-war-live-updates-trump-oil-markets?cursorId=69CB4AFA69700000)

SlfImpr

**Bloomberg**: >Volatility from the Iran conflict has resulted in the **single largest month of value destruction on record, with nearly $12 trillion in market cap erased** across global benchmarks. [https://www.bloomberg.com/news/live-blog/2026-03-31/iran-war-live-updates-trump-oil-markets?cursorId=69CB4AFA69700000](https://www.bloomberg.com/news/live-blog/2026-03-31/iran-war-live-updates-trump-oil-markets?cursorId=69CB4AFA69700000)

drew-gen-x

$VT is trading at 10/10/25 lows; and $SPY is trading at 8/20/25 lows. Many indices including $GLD are hitting support levels where bottoms were formed 2-4x over the past 52 weeks - 2yrs. $SPY and $VT have had 4 straight weeks of loses. Nothing goes down in a straight line forever. And looking long term, is it more likely that all the World CB's print more or less money in the future? Is it more or less likely that the $10k in cash you have stashed in your savings account will buy more or less stuff 1-5 yrs from today?? Is it more or less likely that the price of $SPY, $VT, or $GLD will be lower or higher 1-5 years ago than today? Please don't let politics influence your long term financial decisions. There will be a different POTUS in office 2 and half years from today and likely yet another different POTUS in office 6 and half years from today.

eskhalaf

**Week of 3/30 Market News and Data** **Hello WSB members, this upcoming week is crowded with crucial labor data reports, also some interesting earnings reports too! ** **Monday 3/30:** - Fed Chair Powell Speaks **Tuesday 3/31:** - Chicago PMI (Mar) - CB Consumer Confidence (Mar) - JOLTS Job Openings (Feb) **Wednesday 4/1:** - ADP Nonfarm Employment Change (Mar) - Retail Sales (MoM) (Feb) - Core Retail Sales (MoM) (Feb) - S&P Global Manufacturing PMI (Mar) - ISM Manufacturing PMI (Mar) - ISM Manufacturing Prices (Mar) - Crude Oil Inventories **Thursday 4/2:** - Initial Jobless Claims **Friday 4/3:** - Average Hourly Earnings (MoM) (Mar) - Nonfarm Payrolls (Mar) - Unemployment Rate (Mar) - S&P Global Services PMI (Mar) ***(Note: US Markets Closed for Good Friday)*** **Have a great week WSBers**

eskhalaf

**Week of 3/30 Market News and Data** **Hello WSB members, this upcoming week is crowded with crucial labor data reports, also some interesting earnings reports too!** **Monday 3/30:** - Fed Chair Powell Speaks **Tuesday 3/31:** - Chicago PMI (Mar) - CB Consumer Confidence (Mar) - JOLTS Job Openings (Feb) **Wednesday 4/1:** - ADP Nonfarm Employment Change (Mar) - Retail Sales (MoM) (Feb) - Core Retail Sales (MoM) (Feb) - S&P Global Manufacturing PMI (Mar) - ISM Manufacturing PMI (Mar) - ISM Manufacturing Prices (Mar) - Crude Oil Inventories **Thursday 4/2:** - Initial Jobless Claims **Friday 4/3:** - Average Hourly Earnings (MoM) (Mar) - Nonfarm Payrolls (Mar) - Unemployment Rate (Mar) - S&P Global Services PMI (Mar) ***(Note: US Markets Closed for Good Friday)*** **Have a great week WSBers**

calm_discussion_3500

>World CB money printers are about to go BRRR...... You are correct and it's actually crazy how much people are in denial about it.

drew-gen-x

LOL, the Iran War has already covered up the AI tech crash which I like to call dot com 2.0 and also the private credit disaster. But, if you can look through the smoke we are hitting previous support levels on $VT, $VXUS , $GLD and the $SPY that we've previously hit 3-4x going back the prior 52 weeks. Disclosure - 30% $GLD, 20% $VXUS, 20% $TLT, and 10% $EWJ, 10% $VT and 10% $SPY. I'm not smart enough to pick the correct stocks that will bounce after this DXY short squeeze is over. World CB money printers are about to go BRRR......

Dangerous-Mouse-976

Buying Anebulo Pharmaceuticals ANEB. I think they delisted to see. I used Ai for my analysis. Let me know you thoughts. The valuation case: Independent professional fairness opinion from Houlihan Capital valued the company at $3.50 per share in July 2025. Current price $0.88 to $1.00 represents an 71 to 75% discount to that independent professional valuation. You’re buying a dollar for 25 to 29 cents. The insider conviction: Aron English and 22NW deployed over $23 million across five separate purchases with zero sells ever. His most recent deployment was $10 million at $0.99 in December 2024 — after the oral program pivot, after the going-private announcement, after bankers said institutional interest was zero. He bought anyway. Professional fund manager with fiduciary obligations doesn’t do that without specific reason to believe value will be realized. The conditional pharma thesis: The coordinated December 2024 package — commercial consultant confirmation, FDA pre-IND meeting, $10 million capital deployment, all simultaneously — strongly suggests specific conditional pharma interest requiring Phase 1 IV safety data as the triggering condition. You don’t assemble that package without a specific reason. The going-private timing: Delisted February 2026 immediately after JPMorgan Healthcare Conference January 2026. Cunningham almost certainly had confidential pharma conversations at JPMorgan. Form 15 filed within weeks creating complete information darkness protecting those conversations from disclosure. The timing is surgical not coincidental. No banker hired: Companies run formal M&A processes with investment bankers when they don’t know who their buyer is. Anebulo never hired an M&A banker. That suggests they already know who their buyer is and don’t need a competitive process. The science is real: Completed Phase 1 and Phase 2 oral with positive efficacy data permanently banked. Clean safety profile across 250 subjects. First-in-class CB1 antagonist mechanism with zero competition. Active Phase 1 IV study enrolling right now with August 2026 completion. FDA actively collaborating on development — unusual and valuable signal. Federal validation: NIDA awarded Year 1 and Year 2 grants totaling approximately $1.9 million. Federal agencies don’t fund research they don’t believe in. Independent scientific validation from the National Institutes of Health. FDA collaboration: FDA specifically proposed close ongoing collaboration to advance the pediatric program. That language — close ongoing collaboration — is unusual. FDA doesn’t say that casually. It signals genuine institutional interest in seeing this drug developed. The PRV pathway: Priority Review Voucher worth $150 million upon FDA approval of a pediatric indication before September 2029. A pharma acquirer who can execute Phase 2 IV and get approval before 2029 captures $150 million that partially or fully offsets their acquisition cost. The PRV makes the economics of buying Anebulo dramatically more attractive for the right acquirer. The commercial consultant validation: A top five pharmaceutical consulting firm — the same firms that advise major pharma companies on commercial decisions — evaluated the pediatric ACI indication and confirmed it as commercially viable. This isn’t Cunningham’s opinion. It’s independent professional validation that pharma BD teams can reference in their own internal approval processes. The board composition: Every board member has specific relevant experience. Cunningham — pharma deals at Icagen with Roche and Sanofi. Shah — Goldman, JPMorgan, Warburg, Sumitomo, Genentech. Lin — sold Ab Initio to Ligand himself. Aryeh — on Ligand board. Kupchyk — former FDA Associate Chief Counsel for Drugs. English — 22NW conviction buyer. Lawler — founder with skin in the game. This is not a passive board. It’s assembled specifically to execute a transaction. Nantahala held through everything: An independent institutional investor with 8.53% ownership held through the going-private drama, the tender offer disappointment, the delisting, and the Form 15. They filed a 13G at the moment of delisting confirming their continued ownership. Sophisticated institutional investors don’t hold through that level of corporate chaos without conviction in the underlying value. The oral program floor value: Even if the IV pediatric program never generates a transaction the oral Phase 2 data package, manufacturing process, patent estate, and FDA relationship support a floor acquisition value of $20 to $40 million — $0.50 to $1.00 per share. You’re buying the floor value with the IV pediatric program and PRV as free options. The patent estate: Three issued US patents plus six applications plus PCT filings covering methods of use, composition of matter, and delivery systems. Meaningful IP protection that transfers full value to any acquirer. Cash runway confirmed: $9 million cash plus $3 million loan facility as of December 31 2025. Management guidance says funded through at least February 2027. Phase 1 IV completes August 2026. Cash runway covers the critical data readout with months of buffer. The PRV deadline creates urgency: September 2029 sunset means a pharma acquirer must act relatively soon to capture the PRV value before the window closes. Every month of delay reduces the time available to complete Phase 2 IV and get FDA approval. The deadline creates negotiating urgency that works in English’s favor. The cannabis market is growing: Legal cannabis expanding globally. Higher potency products increasing ACI severity. More pediatric exposures as legalization spreads. The commercial opportunity English and the commercial consultant evaluated in 2024 is larger in 2026 and will be larger still in 2028 when a Phase 3 oral or Phase 2 IV could complete. The sophisticated buyer activity this week: 48,506 shares traded Friday alone. Consistent $1.00 price support all week. Algorithmic accumulation suggesting institutional or sophisticated capital. A fund potentially trying to accumulate below $1.00 with specific price discipline. Smart money finding the same thesis independently and deploying real capital. The information asymmetry: Post Form 15 Anebulo has zero disclosure obligations. Any pharma conversation, any LOI, any term sheet, any data room activity is completely invisible. A deal announcement could come with zero warning at any time. The upside is binary and sudden. You either miss it or you don’t. The risk reward at current prices: Cost $0.88 to $1.00. Houlihan fair value $3.50. Potential deal value $3.50 to $5.00. Downside in distressed wind down $0.20 to $0.25. Risk reward approximately 3 to 1 to 5 to 1 at current prices. The complete bull case in one sentence: A first-in-class clinical stage pharmaceutical asset with validated Phase 2 efficacy data, active Phase 1 IV trial, FDA collaboration, NIDA validation, PRV optionality, $3.50 independent professional valuation, 51% controlling insider with $23 million deployed and zero sells, conditional pharma interest suggested by coordinated corporate actions, and complete information darkness protecting confidential deal negotiations — all trading at $0.88 to $1.00 per share with a sophisticated fund potentially accumulating below $1.00 right now

schleeper1

had 50 650P contracts at a CB of 1.09. shoulda waited to sell guh

drew-gen-x

$TLT is still a decent buy here for the risk adverse investor. There's a decent chance it outperforms both the $SPY and $GLD. My port is still 25% $TLT, but that's down from 50% $TLT 2 weeks ago. I'm starting to think we have to ignore everything on the charts before 2020. All CB's just pumped & printed so much cash into the world that there's distortion if you look at the charts prior to 2020 to make any comparison b/w now and pre-2020. Of course this might also be the type of misjudgment peeps have made to justify prior cycle market tops.

drew-gen-x

I believe a GFC meltdown is off the table. If anything this will be a dot com type sell off. The GFC was caused by a lack of liquidity & mart to market all the banking losses. They CB's & governments won't use that same playbook. They will print the money to fill that liquidity blackhole. Now a double dip 1970's inflation cycle is definitely on the table. But how does that benefit cash holders?? If that's your outlook than buy Gold.

Milky_Toast19

I'm up to 190 Jan 2027 $10 calls with a $3.15 CB and will continue to add as it dips. Also adding to my $12 Jan 2027 calls. This is too easy. People need to keep hearing this. STOP looking at your stock price every single day and every single moment. If you are buying near dated calls and are getting stressed and losing, STOP. Buy shares or leaps. If the stock is down, the first thing you should do is look at SPY and then a couple Mag7's to better understand the current market. Gotta get out of your tunnel vision and understand your own timelines.

G0RD0N_CLARK

Only made it halfway to the first CB today ... shame.

MasterElite1

>POWELL: WE LOOK THROUGH ENERGY SHOCKS The Fed isnt going to do anything, and if if they did, it wouldn't be enough. The CB is a joke.

Substantial-Tip-2871

CB

comical_bunny

The reality is that monetary policy lags behind fiscal to close the balance. The issue is that fiscal policy is so insane rn that, as other ppl have said, the CB is frozen. I wouldn’t be surprised if 1 of the governors even made the recommendation to raise rates to combat inflation but well only find out next month when they release the minutes and votes. Till then rates are going to be static until more information of whether unemployment or inflation break out first. That’s why this market is just kangarooing and ppl are shifting to selling options rather than buying them.

Commercial_Deer_7114

Is there a way to track CB purchases of dollars? I would assume CB's have to dump some gold to buy dollars so they can support government demand to buy oil. Heck, even Sweden is releasing it's strategic reserve on the market to dampen price action. Prior to all of this, the driving factor behind Gold was the weakening confidence in the dollar, both due to US debt and Trumps public signals that he wants to tank the dollar, and mostly BRICS buying Gold to unseat the dollar and/or store value when their own currency became worthless like Russia pre-Ukraine.

B2BContinuum

Anyone else getting a chubby for Chubb? CB

tachyonvelocity

Why did gold rally? So many people don't really understand anything. Gold is worth more not simply because of geopolitics, war, or inflation. Gold increases in prices because of: 1) Recently, central bank buying. There is news that central banks are actually pulling back due to how expensive gold is. So this reason is literally just sentiment and speculation, which is "risk-off." Assets that are risk-off move with equities. 2) Inflation, specifically, not cost-push inflation, but **demand-pull.** This means gold rallies because there is inflation due to increasing money supply. This happens specifically when the Fed reduces interest rates, or, when the government overspends. The government is not overspending at a rate much higher than before. It spent way more during the pandemic, so this is a small factor. Meanwhile, **the market has priced out Fed interest rate cuts** which is actually bearish for gold. 3) Gold doesn't rally due to "war," because war is risk-off. Gold might seem valuable compared to the buildings around you when they turn into rubble, but it is not MORE valuable than pre-war prices, because commodities become relatively more valuable. Gold doesn't go up because of cost-push inflation when commodities rally. What is happening right now is 1) CB have slowed buying, 2) more interest rate cuts are gone 3) every day commodities are needed more than gold.

zestykite

we gonna CB today?

Simon_Inaki

CRBP, if everything plays out as demonstrated in the first human trials, the inverse CB1 agonist should prove to be better than semaglutide in the short term I think it could be worth $20 a share but in the long-term may be $200-$300

Unassisted3P

Been thinking the same thing. That CB was early March too.

DesticularDorsion

It's every CB's favorite thing to do lmao 

Tayler_Ayers

Makes sense actually. Just need to add an fdic HYSA (unless i missed it on their plat). Lots of $ in CB might as well increase offerings to keep it on the plat

enterjiraiya

I sorta did the same and then it dropped before a $100 and I bought some, and then I bought more, and then I bought more and now my CB is fucking $150

Character_Set3454

ETN is better than GEV right now, but it's also wildly up. My CB for BWXT is also pretty high but I'm not that concerned.  If we saw a massive pullback I'd buy more with zero sleep lost. No matter how things move forward, more power is essential for everything. 

Unassisted3P

Souece: Nvidia will not beat earnings and drop 10%, Spy will follow and we CB in the next week and a half. Source: I made it the fuck up.

Traditional-Key-6489

This really does look like the same old game with a fresh AI wrapper: using structure, not fundamentals, to manufacture “value.” Lead gets a sweetheart deal, marks it up instantly via the parallel round, and everyone pretends that’s a real market price instead of a one-off engineered comp. The twist vs. dotcom is the players are more sophisticated and have way more data and tools, so the games are subtler: stacked SAFEs, hidden preferences, weird side letters, and secondaries that let insiders de-risk while retail and late-stage money buys the story. Retail only sees the headline valuation, not the liquidation stack or who actually gets paid in a down exit. If you’re trying to separate signal from noise, ignore paper marks and focus on unit economics, gross margin after infra, and how much revenue is from real production use vs. “innovation budgets.” Tools like PitchBook or CB Insights help spot real comps, and something like Carta or Cake Equity forces you to look at the actual cap table instead of the press release. So yeah, hype cycle for sure; whether it’s dotcom-level bad depends on how much of this stuff ever hits public markets before the music stops.

C130J_Darkstar

Here’s a good reference too- https://www.reddit.com/r/OKLOSTOCK/s/E3CB9iR2vG

J-E-S-S-E-

🥭 trying to lower his CB on Netflix after buying bonds and initiating a probe 🧠

eskhalaf

**Week of 2/27 Market News and Data** **Hello WSB members, this upcoming week is a light week in data in reports, we have Nvidia earnings and PPI data coming out this week. Tuesday 2/24: - CB Consumer Confidence (Feb) Wednesday 2/25: - U.S. President Trump Speaks Thursday 2/26: - Initial Jobless Claims Friday 2/27: - PPI (MoM) (Jan) - Chicago PMI (Feb) Have a great week WSBers**

drew-gen-x

$EWY is up another casual 4% this morning. World ETF's shouldn't move 8-10% in a week. I did buy more $EWJ before the Trump tariff Big L announcement. Every country is now allowed the right to run massive deficits to stimulate their economies. America has lost their right to be the sole deficit king as long as foreign countries or their CB's own Gold to back that debt. Gold is replacing US 10 yr as the world's reserve currency. Ask yourself what are the biggest industries & companies outside the USA and invest accordingly. These foreign deficits are going to be used to stimulate their domestic companies, not Silicon Valley. I am not smart enough to be able to pick out all the winners so I'm buying the iShares world ETF's along with commodities. The $QQQ can trade in a range b/w 600-635 all year and you are still losing purchasing power vs. inflation.

MasterElite1

>Kevin Warsh Says Fed Independence Is ‘Essential,’ But Limited There will be no hikes. The CB is now a puppet of the administration - like Turkey.

SocraticGoats

I will add a lot of people think its the probability they profit from their option. For example, you can spend $500 on a 5.00 100C on example stock, and it can expire ITM with the stock at $101. Yes, it's ITM, and yet you still lost 80% on the contract. Or at $102.50 you lost 50%, and so on. It needs to expire ITM+CB to break even, and it's not measuring that "probability".

soulles_lies

Which CB ?

C_B_Doyle

Tylenol reduces pain mainly by changing signaling in the brain, not by fixing tissue: it gets converted into AM404, which slows the breakdown of anandamide, your body’s natural pain calming molecule, so anandamide sticks around longer and quiets pain signals; cannabis works on the same system but more directly, because THC and other cannabinoids bind to CB1 and CB2 receptors themselves, turning down pain signaling, inflammation, and nerve firing while also increasing overall endocannabinoid tone instead of relying on a metabolic byproduct.

C_B_Doyle

Cannabis can boost anandamide signaling like Tylenol does, but more directly by activating CB1 and CB2 receptors, which may reduce pain and inflammation naturally without relying on chemical breakdown like Tylenol.

AB__17

did he buy CB

_hiddenscout

Berkshire Hathaway Q4 2025 13F: Slashed $AMZN -77% (\~$1.7B sold), trimmed $BAC -9% (50.8M shares), new $NYT position ($352M), added $CB +9%, $CVX +7%, $DPZ +12%.

Such-Hawk9672

I own 16 shares with a CB of $39,so I'm still a long term holder,even though I don't see the upside as in the past

amanj41

I’m glad I didn’t play, but low key actually would have worked today haha. As expected, stablecoin revenue up even though sales down. HOOD didn’t have the same stablecoin revenue coming in, CB has profit sharing with Circle

jyl8

Is a “20% dip” supposed to be big? I don’t think of my names that way (plan to hold to 2030 vs not) but a few just off the top of my head: PSMT - long growth runway in CentAm/LatAm; proven model; proven mgmt. JHX - wildfire risk drives secular share gain of fiber cement vs wood, vinyl; #1 there; bought dip and will do so again. BAESY - broad defense portfolio; not concentrated in one program; secular global re-arming theme CB - quality, diversified exposure to P&C insurance globally; industry is a climate change beneficiary INTC - company turnaround plus a geopolitical bet (China moving on Taiwan); thinking bet pays off before 2030 EXPD - exposure to global trade volumes; top quality mgmt; non-asset means lower intrinsic risk MHVIY - proxy for Japan’s defense budget and global electricity demand

mazzicc

I have a few tech stocks where I’ve made back several multiples of my CB, sold a portion to replace my CB+profit; and reinvested that elsewhere. Planning to hold those until I need the money, because they are nothing but profit and only have opportunity cost now.

J-E-S-S-E-

My CB would be 212 so I’m good with it

peterparker429

Thanks. I appreciate the advice. Good call on the tax lots. Changed it to last in first out since they have the highest CB.