TCDA is one of the worst biotech companies I have ever seen. They are trying to get a drug approved that basically does the same thing as baking soda, and the FDA has already rejected it… Twice. They are now waiting to hear back from the FDA again, and will hear back by end of October. Analysts are predicting the stock could go up 150% (on approval) or down 100% (if not approved or delayed). I’m shorting via stocks and options. Regardless, it should move a lot and be interesting.
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>I definitely agree that TCDA is a risky investment. I would not recommend buying their stock right now, especially with the FDA decision looming.
Puts are so expensive the stock basically has to hit zero to make money haha
I sold about a dozen puts exp tomorrow and so far it just feels like free money.
I’m considering selling 11/18 $2.50s if they reach a $1.
I didn’t think there was such a thing as a good biotech company. I thought everyone just closing positions after the FDA decisions and the company just disappears lol.
What do you think of the $125M debt facility?
I’m a regard, tell me, if you eat 100% of your crayons how do you not have no crayons left?
(the crayon up my nose does not count)
Why are you so obsessed with TCDA? You comprise half the posts on Twitter on the topic and then go on here and give a factually inaccurate summary of the binary event (ie. misrepresentation). What’s your angle?