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Insider Trading Weekly Update #030: Billions Into Biotech, Billionaires Buy More Oil | Insider Trading Recap
My Watchlist For 3/29/21 -- Again I am focusing Financial / Utilities / Consumer / and Healthcare Tickers. Use a stop loss or bag hold.
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Shout out to RVMD for not just going up 36% and paying for my tee time on Saturday, but also creating a drug that helps save lives from one of the most deadly cancers ever.
Just watched RVMD jump 30+ as I was trying to make an options play lol
There were rumors months ago that Abbvie (and then Merck) were both interested in RVMD and the stock went to around where it is pre-market before nothing materialized and the stock went back towards the $80's/90's. I think the results are clearly very positive - all cancer is bad obviously but pancreatic has one of the worst outlooks/survival rates of all cancers so this having the results it does is meaningful. This was a phase 3 so it's not that long off. I'm not chasing it up 35% this morning, but I am not selling the position I have and if there was a pullback I'd consider adding a bit more as I do think there's a decent chance this eventually actually does get bought.
RVMD, the oncology giant - it’s going to get bought out sooner than later. Seems pretty cheap at 20 B.
In terms of RVMD, you ment that it can double from current prices or that it’s 2x in span of last year?
LQDA - went from 12$ to 45$ in a span of a year. Shkreli had a post about the company on WSB 2 year ago RVMD - oncology drug maker. WSJ was reporting multiple companies including Merck are interested in a buyout. 3x in year. ABVX another biotech buyout target
RVMD is already in Phase III with a pan-KRAS inhibitor.
I’ll go up to 12% portfolio weight on shares if it’s a long hold as an opening position. I got 10% on RVMD as an opener. But I’ve got bigger size elsewhere due to growth. I get sucked into averaging down on options and sometimes it gets too big. Sometimes I can bail out other times I cannot. I can easily drop up to 5% on quick flips. I try hard to avoid earnings plays unless it’s a LT hold. Greed is the killer though because if I just did quick flips of 10% id crush it. But I don’t keep scaling up the size on quick flips
Ah thanks, guess that explains others like RVMD pinned at -19%
if it h it 8 dollars u might make 8.6k ish who knows w hen or if that happens. 20 percent of 30k is 6k i think your better off not yoloing imo. learn how to properly coverd calls and cash secured puts on stocks giving premiums of atleast 5oo to 1k or more weekly or monthly. ofc im using margin but i t ry to make sure im not too greedy so far ive made 7.8k realized profits in the last month off RVMD. shit i could of made a killing had i held pure stocks but i coudnt predict bullish rumors when the stock was at 80
Was just reviewing recent press releases on its pipeline, a lot of very similar position on it as was in the early days of RVMD. Looks like a moderate risk but massive upside if it has a smooth year ahead.
RVMD owns the next gen asset in oncology and already has trials running on its successor which is even better. Merck has a $30b a year asset to protect in Keytruda. Stifel wrote today that $28-30 proposed takeover price for RVMD “may not be enough”. Whoever gets this asset will own the market for years. It’ll pay itself back many times over. You need to buy shares hand over fist
I am reaching crackhead levels of buying in RVMD
Told yall to buy the RVMD dip at 110-1112
Bought LAC. Bought RVMD. Bought NFLX. Bought LULU calls. Lost on COST. Keeping my TGT March calls on.
Alright who got RVMD calls because I only got XBI calls
What's the RVMD play today?
Reuters lied about RVMD. LOL I'm glad I didn't play that. So many people got screwed
I was in RVMD because their preliminary data was incredibly amazing. I'm out now though because I've made enough on it. They are launching next year, there's probably still some run up left, but usually biotech is a ride the hype and then sell the news once data is released. I'll jump back in if the stock pulls back after they release data. Think they will not have much of an issue commercializing if the data holds. Basically game changer in pancreatic cancer.
I’m in the same boat. I don’t want to say my starting point and end point because ppl with send hate mail, but I’m down about 500k from mid October top. My partner and brother in law say hold… think long term. But I don’t think I can keep seeing red every day… It will really depend on Nvidia earnings on Wednesday, that is going to dictate direction. I’m think of selling and rotating into healthcare stocks. The ones I’ve been following have been up 10-25% (Exel, RVMD, GRAL, … so many). Hedgies started rotating to recession proof companies in October but I was late to get on that train. Now I also don’t know what to do. I would read the book “best loser wins”. What I regret is not cutting quickly when my positions showed negative 2 days in a row. You could rotate and make it back, or just love your life and find the next thesis.
Just sitting patiently for my limit sell to trigger so I can get my 4k profit on RVMD
It’ll dip more and I’ll buy that. However, my main investment of >$5000 was moved to RVMD for a 3-4 year play.
I did and now I sold all my shares at $7.75 for a $2k profit. Moved the money to $RVMD. I think they have better sciences in KRAS tbh
Copy pasta from ~ 3:30 Added 519c for friday: @ 0.89 HL 5c for 5/17 @ 0.15 (break even is silly) Order in for RVMD 40c 5/17 @ 1.55 (won't fill, but they are bedmates with AMGN) PFE 29c out to 6/21 may make something. NOT married to them LLY, crazy diamond, you. Still Battleship-Gold-Bonding those with my geriatric ass PACK... you stink. Out to 11/15, 7.5c. If it would just do the thing. KTOS STILL languishes there like a [redacted] in Las Vegas August heat. Monkey business. OH... the FD ARM too.
RVMD more than doubled, letting it ride.
RVMD ready to bounce.
I think it was Amgen announcing a formal name for their KRAS inhibitor, which will directly compete with RVMD's KRAS inhibitor. However, it's a bit strange because Amgen dropped too. Regardless, I think the public is too ignorant to realize that naming a drug doesn't mean it's actually approved.
What tanked RVMD and AVIR? Cannot find any news on either, curious if those are overreactions