Investing in biotech stocks - My experience so far

csgohan4

adindas said:

Did anyone manage to make huge profit on OCGN (Ocugen). I was up 670% yesterday in less than a month

I sold half my position yesterday.

bet you wish you dumped 10k into it earlier

adindas

csgohan4 said:

adindas said:

Did anyone manage to make huge profit on OCGN (Ocugen). I was up 670% yesterday in less than a month

I sold half my position yesterday.

bet you wish you dumped 10k into it earlier

Well, you should not do that. I myself never do that. I normally open position lower than £200 and the keep dollar averaging in either direction up or down. Playing the game with penny stock is very risky and you  should only invest the money you could effort to lose.

BrockStoker

adindas said:

Senseonics (SENS)

Do your own DDs, this stock is awaiting FDA approval for a more Permanent Glucose Monitoring System for a longer period of 180 days. AFAIK they have very few (if any) competitors in the device like this. The revenue they will earn ?? well count how many people with diabetes in this world.

When it is approved, boom it is going to the moon.

When Approval fail it will plunge / dip but they still have product with shorter duration e.g 90 days which os already in the market and this device is still needed. So I believe it will go back to the previous high. So Risk/reward in IMO is much in favour of the reward. Also please be aware this one is a penny stock, so those who want the level of risk similar to Bond, Well known diversified index, please do not even touch it with a barge pole. But if you just throw £100 it is the money you could effort to lose.

I entered much earlier, so I got it at lower price from the current price.

Looks interesting, but no cash here right now!

Someone mentioned ZSAN if you're looking for another penny stock. I have not really looked at it so you'd have to do your own DD, but it looks high risk/high reward to me.

https://finance.yahoo.com/quote/ZSAN/profile?p=ZSAN

BrockStoker

SA on Amyris:

Amyris (AMRS) presents a unique opportunity with their recent news of a revolutionary way to synthesize cannabinoids. They plan to synthesize CBG molecules (a precursor of CBD and other cannabinoids) with yeast. Of course, this is not a product intended for the psychoactive cannabis industry, but the implications of their innovation.

They are trying to improve the ability to concentrate CBD and other cannabinoids without using grow facilities. This will allow for more potent CBD products and the ability to conduct medical research on curative effects with a higher concentration of cannabinoids. There is huge potential here for business success.

Their technique may change the CBD game in many ways. CBD particulate would be less expensive to manufacture and may be more potent than plant grown CBD. They have already scaled this production and plan to produce 1 ton of CBD distillate.

Amyris has entered the CBD health market through their new CBD health brand. The company already has wide distribution of their products and ingredients. Revenue from this new brand will be reflected in 2021 financials. We will also see the revenue or cost savings of their new synthesized CBD. In their Q2 YR2020 presentation, cannabinoids are listed under upcoming revenue and business strategies.

https://seekingalpha.com/article/4404920-amyris-changes-cannabis-game-and-hits-new-52-week-high

Amyris took off like a rocket early on in today's session, but then the markets decided to change direction sharply. Even so, Amyris ended well in the green, while everything else was red. I got a couple of screenshots before the change in direction:

moneyfoolish

BrockStoker said:

SA on Amyris:

Amyris (AMRS) presents a unique opportunity with their recent news of a revolutionary way to synthesize cannabinoids. They plan to synthesize CBG molecules (a precursor of CBD and other cannabinoids) with yeast. Of course, this is not a product intended for the psychoactive cannabis industry, but the implications of their innovation.

They are trying to improve the ability to concentrate CBD and other cannabinoids without using grow facilities. This will allow for more potent CBD products and the ability to conduct medical research on curative effects with a higher concentration of cannabinoids. There is huge potential here for business success.

Their technique may change the CBD game in many ways. CBD particulate would be less expensive to manufacture and may be more potent than plant grown CBD. They have already scaled this production and plan to produce 1 ton of CBD distillate.

Amyris has entered the CBD health market through their new CBD health brand. The company already has wide distribution of their products and ingredients. Revenue from this new brand will be reflected in 2021 financials. We will also see the revenue or cost savings of their new synthesized CBD. In their Q2 YR2020 presentation, cannabinoids are listed under upcoming revenue and business strategies.

https://seekingalpha.com/article/4404920-amyris-changes-cannabis-game-and-hits-new-52-week-high

Amyris took off like a rocket early on in today's session, but then the markets decided to change direction sharply. Even so, Amyris ended well in the green, while everything else was red. I got a couple of screenshots before the change in direction:

Looks good. Hopefully, will pass the £100,000 mark again soon and continue moving upwards!

Any significance in the very large sale of almost $8 million of Arrowhead options by Patrick O'Brien just now?

Thrugelmir

adindas said:

csgohan4 said:

adindas said:

Did anyone manage to make huge profit on OCGN (Ocugen). I was up 670% yesterday in less than a month

I sold half my position yesterday.

bet you wish you dumped 10k into it earlier

Well, you should not do that. I myself never do that. I normally open position lower than £200 and the keep dollar averaging in either direction up or down. Playing the game with penny stock is very risky and you  should only invest the money you could effort to lose.

Last of the big spenders. A decent punt has to start at £5k.  Then upwards from there. 

Cus

Thrugelmir said:

adindas said:

csgohan4 said:

adindas said:

Did anyone manage to make huge profit on OCGN (Ocugen). I was up 670% yesterday in less than a month

I sold half my position yesterday.

bet you wish you dumped 10k into it earlier

Well, you should not do that. I myself never do that. I normally open position lower than £200 and the keep dollar averaging in either direction up or down. Playing the game with penny stock is very risky and you  should only invest the money you could effort to lose.

Last of the big spenders. A decent punt has to start at £5k.  Then upwards from there. 

Are you mocking someone who doesn't invest at the levels you do?  A decent punt to one person is different to another.  What's the point of your comment?

What Adindas trades appears very speculative and has a short term angle, you could argue it has a gambling element to it.  Based on that it is totally appropriate to minimise potential losses and only invest what one can afford to lose.

csgohan4

Cus said:

Thrugelmir said:

adindas said:

csgohan4 said:

adindas said:

Did anyone manage to make huge profit on OCGN (Ocugen). I was up 670% yesterday in less than a month

I sold half my position yesterday.

bet you wish you dumped 10k into it earlier

Well, you should not do that. I myself never do that. I normally open position lower than £200 and the keep dollar averaging in either direction up or down. Playing the game with penny stock is very risky and you  should only invest the money you could effort to lose.

Last of the big spenders. A decent punt has to start at £5k.  Then upwards from there. 

Are you mocking someone who doesn't invest at the levels you do?  A decent punt to one person is different to another.  What's the point of your comment?

What Adindas trades appears very speculative and has a short term angle, you could argue it has a gambling element to it.  Based on that it is totally appropriate to minimise potential losses and only invest what one can afford to lose.

To be fair, more often than not, Adindas punts turn out to be winners from track record. Of course we don't have the ones that have tanked and not mentioned on here. But if they put in 10 K, they would be minted by now

Everyone has different risk appetite, what dumping 100£ is high risk to someone dumping 100k

Voyager2002

csgohan4 said:

Cus said:

Thrugelmir said:

adindas said:

csgohan4 said:

adindas said:

Did anyone manage to make huge profit on OCGN (Ocugen). I was up 670% yesterday in less than a month

I sold half my position yesterday.

bet you wish you dumped 10k into it earlier

Well, you should not do that. I myself never do that. I normally open position lower than £200 and the keep dollar averaging in either direction up or down. Playing the game with penny stock is very risky and you  should only invest the money you could effort to lose.

Last of the big spenders. A decent punt has to start at £5k.  Then upwards from there. 

Are you mocking someone who doesn't invest at the levels you do?  A decent punt to one person is different to another.  What's the point of your comment?

What Adindas trades appears very speculative and has a short term angle, you could argue it has a gambling element to it.  Based on that it is totally appropriate to minimise potential losses and only invest what one can afford to lose.

To be fair, more often than not, Adindas punts turn out to be winners from track record. Of course we don't have the ones that have tanked and not mentioned on here. But if they put in 10 K, they would be minted by now

Everyone has different risk appetite, what dumping 100£ is high risk to someone dumping 100k

Your observation is accurate, but remember that generally there is a fixed cost for each trade, regardless of the amount being traded. This means that for small amounts the transactions costs are likely to represent an unacceptably high proportion of the total value of the trade. A rational response would be to trade only relatively large sums.

csgohan4

Voyager2002 said:

csgohan4 said:

Cus said:

Thrugelmir said:

adindas said:

csgohan4 said:

adindas said:

Did anyone manage to make huge profit on OCGN (Ocugen). I was up 670% yesterday in less than a month

I sold half my position yesterday.

bet you wish you dumped 10k into it earlier

Well, you should not do that. I myself never do that. I normally open position lower than £200 and the keep dollar averaging in either direction up or down. Playing the game with penny stock is very risky and you  should only invest the money you could effort to lose.

Last of the big spenders. A decent punt has to start at £5k.  Then upwards from there. 

Are you mocking someone who doesn't invest at the levels you do?  A decent punt to one person is different to another.  What's the point of your comment?

What Adindas trades appears very speculative and has a short term angle, you could argue it has a gambling element to it.  Based on that it is totally appropriate to minimise potential losses and only invest what one can afford to lose.

To be fair, more often than not, Adindas punts turn out to be winners from track record. Of course we don't have the ones that have tanked and not mentioned on here. But if they put in 10 K, they would be minted by now

Everyone has different risk appetite, what dumping 100£ is high risk to someone dumping 100k

Your observation is accurate, but remember that generally there is a fixed cost for each trade, regardless of the amount being traded. This means that for small amounts the transactions costs are likely to represent an unacceptably high proportion of the total value of the trade. A rational response would be to trade only relatively large sums.

Try telling that to the various T212 wannabees on here, who trade in less than 100£ and feel chuffed when their day trading experience yields 20% and feels overly chuffed. Without looking at the bigger picture. 

To punt 10k on an unknown is brave and takes alot of research, but even the best research in the world won't prevent stocks from tanking, take Nio for example, looked great initially but then not later. 

Having said that, this is coming from someone who has a sizeable holding in IAG.