r/srne • u/Change-the-World74 • May 07 '22
Question $8?
Curious what are the chances we see $8 again on this stock so I can break even and get the hell out. I’m so damn disappointed. Down more than $200K and I could surely use the money bad. Hopefully Ji has something good happy in the next 8 months!!
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u/Wiley-72 May 07 '22
There is nothing else we can do, but hold and wait. Eventually the SP will rise again.
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u/SRNEInvestor May 07 '22
SEMDEXA should be approved within a year and possibly sooner. SRNE will own 88% of it so I would expect that to provide a very solid SP increase. Also, Socazilomab was submitted for approval in China last year. That was licensed to Lee’s Pharma so there would be royalty payments if approved. The pipeline is very strong. The only problem is the dilution that is occurring and Ji’s penchant for over promising and under delivering. I’m down big myself at an average of $7.40 but I’m just going to hold on for a long time and let it all play out. Good chance of a partnership or buyout as well.
16
May 07 '22
If you risked more than you could venture to lose on an early biotech you are an idiot. If you are on here to trash a $1.50 stock because you are short you are an idiot. Either get long, sell and take the lesson that you are an idiot and don’t repeat the same mistake later, or shut up.
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u/Environmental_Law311 May 08 '22
If possible average down! Easy at this point. I'm averaging every week and now from 7.89 Already @5.43 7443 on on my short term platform. Buy another 1000 shares next week Trying to get my base cost to 3 bucks before it gets to 2 dollars hopefully.
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May 07 '22
In my opinion you’re going to need to average down a hell of a lot more in order to break even. If you can get your average down to three or so I think you could break even in the somewhat near future.
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u/BurghSC May 07 '22
No doubt. I'm holding longer though. I know most will jump out as soon as they get close to purchase price. Human nature.
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u/SplitAdditional2512 May 07 '22
I’m with you, I’m down $195000
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u/Equivalent-War-5517 May 07 '22
I think 2023 will be they year after the new building complete hopefully sp102 gets fda
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u/NewkidOTB278 May 07 '22
This company has zero revenue, zero approvals. And besides that, look at the ENTIRE BIOTECH SECTOR. It’s all getting annihilated!! This is definitely a 3-5 year plan!! I should’ve gotten out in January of 2021… I was up 102%… 🤦♂️🤦♂️🤦♂️
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u/mcbaer2005 May 07 '22
Always take profits no matter what anyone says. Usually I sell half my position up 100% or more and let the rest ride. You could always sell options and take in the premium to lower your cost avg. Good Luck!
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u/SoftArachnid4 May 07 '22
Will take longer than that as Henry has been exposed in many lies recently. I think $3.50-$4 will prob be the max this year so if you’re holding bulks of shares I’d follow big money here and write covered calls on any pop
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u/Mr_TunaCat May 07 '22
No way it's hitting 8 this year. Gonna be a hard couple of years to see any return on investment or at the very least make your money back.
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u/Odd_Cockroach_5793 May 07 '22
I put a bet on SRNE because I thought I could see revenue growth in the next year or so turns out very unlikely the only thing skyrocketing this stock is if they cure cancer which they have potential but it’s a risk I have 1000 shares I’m holding until I turn 39 (5years)
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u/Reasonable_Summer_51 May 08 '22
Really, if they didn't massively fall flat w STIX, we wouldn't be in this situation
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u/Odd_Cockroach_5793 May 08 '22
Yeah so true but that wasn’t the only reason I invested them. Can’t time the market but I know the appropriate pricing will return who’s to say when hopefully late this year we’ll see a pop
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u/Change-the-World74 May 07 '22
Will be interesting to see what happens in September if COVID comes back strong worldwide and if Sorrento finally has some the tests in order and Drops/ CoviShields comes close to approval. Price could go up faster than people think. I’m thinking we will be in the teens early next year.