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Why I'm Holding Onto $433,000 in $SAVA Gains

Why I'm Holding Onto $433,000 in $SAVA Gains

VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|17|**First Seen In WSB**|6 months ago **Total Comments**|340|**Previous DD**|[x](https://www.reddit.com/r/wallstreetbets/comments/ojoj3s/why_im_holding_onto_433000_in_sava_gains/) [x](https://www.reddit.com/r/wallstreetbets/comments/lbsuw3/a_repost_of_my_dd_on_sava_from_119/) [x](https://www.reddit.com/r/wallstreetbets/comments/lc8jsf/an_update_on_cassava_sciences_sava/) [x](https://www.reddit.com/r/wallstreetbets/comments/l13ef0/cassava_sciences_sava_cure_alzheimers_deliver/) **Account Age**|1 year|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20*h26cq3k*)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20*h26cq3k*)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) Hey /u/equilateral_pupper, **positions or ban.** Reply to this with a screenshot of your entry/exit.


Grundle_Monster

Jesus the options on this are insanely expensive. 180% IV is no joke.


arabs_legend

shares are your best play, options are fucked.


Grundle_Monster

I’m gonna pick up a few shares


equilateral_pupper

no joke at all, if you want to play options you can look further dated. otherwise shares are a good way to go


equilateral_pupper

call debit spreads are also an option if you're looking at the short term


Grundle_Monster

Yeah I may play these.


[deleted]

[удалено]


equilateral_pupper

Yep you can pretty much see what my position is now. TBH i thought calls were expensive back when sava was 50... so i bought more shares. hindsight is 2020


PowerOfTenTigers

Just get deep ITM options.


tjc3

Pussyass play. Load up on far OTM calls with Aug, Oct, and later exp. Shits going to near 1k/share minimum


meikyo_shisui

Been in SAVA a while now with GME gains. A risky play, but assymmetrical risk, as if they've actually managed to make a decently effective drug, the sky is the fucking limit on this stock. Plus, as degenerate gambles go, it's a pretty damn good cause. As people live longer it's going to be a massive problem without treatment.


Grundle_Monster

Alzheimer’s is such a heartbreaking affliction.


equilateral_pupper

Well said


kkB1airs

Where the fuck was I during your last DD


equilateral_pupper

I tried to post dd in january but the market cap was <1B


kkB1airs

WELL FUCK YOU SHUDDA CALLED MY WIFE THEN. NOW IM STILL POOR


equilateral_pupper

At least when you grow old you wont have to worry about alzheimers??


arrty

Holding strong with you all. Almost 5k shares. 💪


equilateral_pupper

I pray to gains jesus for us


magic8balI

This guy has been watching too much boiler room. He has his diversification plan in place as well.


AtWor

Diversification is something you do to stay rich Yolo to become rich


equilateral_pupper

agreeeeeed


equilateral_pupper

"diversification"? am i saying that right?


ConBroMitch

“Diversification” was an old, old wooden ship used during the civil war era.


charlesaparker

In Spanish it translate to a “the whales vagina”


hdwr31

I can't wait!!! I loaded up when it was cheap and haven't stopped.


equilateral_pupper

Still cheap if we're going to $660 like i'm predicting! I am only one smooth brained individual though


hdwr31

You are right it is still cheap compared to what it will be. When is the best time to plant a tree? Yesterday. When is the second best time? Today. Smart money will buy today and not wait until tomorrow.


UverZzz

Bought 1000 SAVA shares at $2. . . . . Sold for a loss at $1.50. Am I doing it right ?


equilateral_pupper

Yes


arrowheadagua

What do you think of AVXL


equilateral_pupper

I dont hate the stock, although i made a commitment to myself to throw everything into 1 stock and sava was a better choice for me back in january


Fit-Boomer

Also legit


Brilliant_Shake_2311

I second AVXL. latest data release was promising and still a ton of upside


Emergency-Eye-2165

My wife and I have 3500 share between us. This is the play!


equilateral_pupper

Good luck!


RocketManQC

good move to let you wife's boyfriend hold those shares


NewAltProfAccount

"Completely out of the blue, Cassava Sciences in April announced they would attend the Alzheimer's Association International Conference and voluntarily announce 9 month open label results on Simufilam as well as data on SavaDX." These are called late breakers and are normal for every freaking pharm company in the world. Edit: I literally know people who do this for a living. There is nothing unique about what they did. It is their freaking business critical plan.


PowerOfTenTigers

But they must have good news to announce right? Otherwise why would they voluntarily attend the conference just to announce bad results?


kfuzion

Biogen is pretty much selling placebo pills for Alzheimer's at $50,000 a year per patient. So the devil's advocate in me says the bar is basically on the floor. Disclosure - long $SAVA, no plans of selling below $800


NewAltProfAccount

No. They have to announce results and milestones for FDA approval. Going to a conference means they have anticipated data availability. Whether it is good or mediocre (they will pull out if it negative) is TBD.


tjc3

I'm all in shares and a few calls. 50k or so.


Fit-Boomer

That is how it gets did!!!!


vintagebeast

My only hope is buying calls for this week and hoping you guys pump this enough to net me enough to buy shares. But then it will be pumped, so I still won’t be able to afford shares. I am fuk Edit: Fuck that. I found some moves! Thanks for the DD!


arabs_legend

spoke like a true retard, I'm still holding my 500 shares.


squarexu

/u/equilateral_pupper Where are you getting this July 29th date? I thought the conference starts on July 26?


equilateral_pupper

yep conference starts on the 26th. Actually now i'm looking at the corporate presentation and before it actually specifically just said 29th. Now its back to 26-29 :|. Slide 26 - https://www.cassavasciences.com/static-files/b947be2d-7cc9-4e61-ab4c-3901b727d935


tjc3

It's crazy how many asshats are turned off bu all time highs. The same people who would have said that buying TSLA at 250 pre split was dumb. This stock is still cheap af. Do some fucking math on Alzheimer's 100-600B mkt cap for this drug is totally reasonable


yolonade

I dont know the company itself. But typically you need a huge distribution Organisation, logistics, production, etc. so if this product is really that good and they don't have that yet, especially an international Organisation they should go for a merger with big pharma


tjc3

That's why I said "for the drug" I'm following the drug not the company. I think sava gets bought out in virtually every reasonable scenario, hopefully in a cash +shares deals. I'll hold onto or up my stake in the purchasing company barring the deal adding half a trillion in market cap to the new company overnight


ImOakOrAmI

So buy 10 7/16 $110c?


equilateral_pupper

Depends on how smooth your brain is


ImOakOrAmI

Smooth as a river rock. I’ll eye those calls in the AM.


RevolutionaryPlay4

I can tell you from my 30 seconds of research and skimming what you said that you are either going to be rich or this bird is going to crash hard and with it your bank account.


equilateral_pupper

Gains porn or loss porn, both are acceptable


saladsparklingwater

Thank you. A fellow Savaholic here, reporting.


Domethegoon

I had 1,000 shares of SAVA at $2.50. Sold way too early for a minor profit. Kicking myself for not holding...


duidude

OP - Great post, However they have 30 employees not hiring more. How can they not hire more in hyper growth mode, when stock is 28X in a year. I really liked DD and likely will go for call expiring in Aug. Historical data suggests not much stock movement before/after earnings report though. What site do you analyze to get more info about them.


equilateral_pupper

So for clinical stage biotech companies you actually don't need a ton of employees. They have contracts with drug manufacturers and CRO - contract research organizations that help run their trials and produce Simufilam. The most important thing is that this company owns all the IP and patents for Simufilam, SavaDX, and a host of other similar molecules related to Filamin-A. Calendar: July 29 is news for 9 month data and September is news for 12 month.


NineHDmg

I don't think they volunteered to present Results, their press release says they were invited Is there a 6m ínterim analysis somewhere?


deep_in_stonks

What is the plan B? All this growth since April from 40 to 100 for the same reason as you wrote here. Market is in the process of pricing in the upcoming event. What if they won't announce anything good? The price will fall back to $40-50? Are you planning to cash out before the event or hold through it? Any stop losses?


equilateral_pupper

This is a 100% balls to the wall yolo. Plan B is for sorority girls with poor decision making skills.


deep_in_stonks

I love my money enough, so I'll buy small position of puts when the stock ATH right before the event. Maybe will make some money in case of sell off.


Janto_2021

#because you are waiting for $433k to drop to zero?


equilateral_pupper

think about all the fucking karma that would get me


Enron69

If you want to spend 400k on karma feel free to just send me 400k and I can work 8 hours a day 5 days a week for a year making alts and upvoting every one of your posts. Even at only 1 upvote a minute thats 120k karma plus you get to keep 33k.


equilateral_pupper

>If you want to spend 400k on karma feel free to just send me 400k and I can work 8 hours a day 5 days a week for a year making alts and upvoting every one of your posts. Even at only 1 upvote a minute thats 120k karma plus you get to keep 33k. I don't know math so i can't verify this and for that reason, i'm out


Enron69

60 minutes per hour * 8 hours per day * 5 days per week * 52 weeks per year = 124,800 Copy 60**8*5*52 into google and then copy ur account details into a pm to me so I can withdraw my first week salary


equilateral_pupper

>Copy 6085\*52 into google and then copy ur account details into a pm to me so I can withdraw my first week salary at least i won't have to pay taxes?


Enron69

Exactly. Saves on employer payroll plus social security. Plus since I would be the one selling ur stocks to pay myself you could skip capital gains taxes too.


HairZealous

def trust the person named enron


Killerko

I think he can get more for his bucks if he outsource it to china...


Enron69

Little known fact but trump implemented a 2700% tariff on importing Chinese clicks so if you take an average Chinese salary of around $15,000 usd per year and apply the tariff he actually saves $5,000 using my service.


equilateral_pupper

i love your username btw


Enron69

haha thank you! Im glad it was available when I went to make an account


SuperSpicyUnicorn

What’s the best play here? I’ve been looking for somewhere to yolo a fat wad. All in on Jan 22 $165 calls, and hope the price rockets to $300? Or all in on shares?


equilateral_pupper

So july 29 there's gonna be 9 month data. September is when 12 month data comes out. If you like options then Jan 21 calls could be the move. Strike is up to u too. I'm hoping for the stock to reach 200 in the short term, a la Maxim's 190 price target. If you play the 165, you'll be glued to the screen because this stock can swing pretty hard when short sellers hammer it. Shares are the safest. That's my play - take SAVA to the end game. Reasoning: I'm a permabull and if this drug works then it'll get a 20B+ valuation so at least $500/share.


SuperSpicyUnicorn

I have $500K I want to swing around, although I’m afraid the $165 strikes would make me too much of a pussy because of the wild swings, but man the payout on even a $250 share price would be a giant green dildo


equilateral_pupper

>I have $500K I want to swing around, although I’m afraid the $165 strikes would make me too much of a pussy because of the wild swings, but man the payout on even a $250 share price would be a giant green dildo You're a bigger whale than me... all your own personal risk tolerance. Better to make a play you know you can commit to than to make a play you're going to paper hand. I did half shares half options back in feb. Another possibility is Call Debit Spreads.


SuperSpicyUnicorn

I think some shares might be the play, less risk I paper-hand it. Great post, thanks for sharing.


Fit-Boomer

As in all biotech that you believe in…..Buy shares and if it seems high price then grab a few puts. OP is correct. SAVA is burning hot right now. August is gonna be a thing to remember one way or another. No stock I know of right now that is gonna swing one way or another. I like the stonk SAVA$


equilateral_pupper

I agree, i’d probably buy puts if i wasnt posting a wsb yolo. No hedging in this sub


Fit-Boomer

For a moment there I though I was on r/stocks. Forgive me OP.


equilateral_pupper

Its made the past 6 months very entertaining and unproductive. Dont tell my boss though. He wont let me fuck is wife anymore


Fit-Boomer

Shhhhhh 🤫!!!!


verm1c1ous_kn1d

Options will make a killing. Might be big buyout by January.


SuperSpicyUnicorn

What do you think the end of August price target is?


Fit-Boomer

Either 250 or 9 depending on the data release at AAIC.


SuperSpicyUnicorn

Yeah so either I keep my wife or she finds a new boyfriend.


saxaddictlz

Saw your posts from months ago. I hope the results look great for the patient community and you.


esleep

I remember buying this stock when it was $2 and sold for $3.


equilateral_pupper

Legendary :3


Grentis

This guy uses different font sizes, bold letters, and has attitude. I like what he’s selling! Btw, your wife says hey.


equilateral_pupper

Next DD will have more emojis


Grentis

If only I had enough spending money… my portfolio bleeds red everyday like a true retard.


tjc3

Skeet skeet skeet skeet skeet. You're going to be a millionaire if you aren't already.


LOKI_XIXI

Wanted to sell at 100$ but then remembered your DD and decided to hold. Thanks for helping me make the right decision.


GodSizer

I love you mang I bought in on that dip below 100$ cause I read you’r stuff


Fit-Boomer

Fun day today!!!! Roller coaster 🎢


kipper-17

This is going to blow up next week!!! Congrats to all the longs and its not too late to get in!!!!


ktempo

So, if I buy shares here, do you think the data on July 29th could propel the stock price up? Or is this a longer term hold? IE August / September?


equilateral_pupper

there's 9 month data end of july and 12 month in september. I think this is a long term hold -> i've said before that i expect a 20B+ valuation or $500 per share when its all said and done. Specifically what happens on July 29th to stock price i have no idea. I'm an autist not a psychic. It could sell off, it could shoot up then sell off, it could grow rapidly and level out. If you buy a ticket, ride the ride!


ktempo

Appreciate the input. I have some cash just doing nothing, maybe I buy some shares and see where it takes me. Best of luck to you!


ask_redditt

Why should I believe in this over Eli Lilly or Biogen? Lilly gonna buy them out?


equilateral_pupper

Those drugs dont work: https://www.reddit.com/r/wallstreetbets/comments/nx15og/sava_simufilam_will_steal_the_alzheimers_spotlight/


MrZwickie

It's more like Pfizer buying them for shitload of money in case of a merger. They have Kupiec aboard who is a former Pfizer in Parkinson's and neurodegenerative space. So good connections to PFE who actually pay quite good dividends.


xhobbesx

back in late jan, I had 40x 20strike SAVA Feb calls that i bought for around $1. I was so happy the stock popped on jan 26th, and then angry on the 28th for not selling on the 27th so i sold it all. needless to say, I was sad for a week after and still sad to this day. thinking about getting back in but the volatility is just too much. good luck to you and nice diamond handing.


equilateral_pupper

Back in december i had 770 shares of SAVA at an average of $8. when the stock went down to $6.7 i paper handed. A month later SAVA pumped to $12+ and i was pissed off. So pissed off I sold everything and put it all into SAVA, half shares, half options.


xhobbesx

Revenge trading is usually not a good idea but glad it worked for you


equilateral_pupper

Yeah im pretty fortunate. If my ex wife hadn’t left me i wouldn’t have felt the soul crushing urge to show her what she missed out on. Jkjk


BubbleTeaExtraSweet

Got in @ $50 during March 2021. One of my best play!


equilateral_pupper

Nice! Same time as my dad. The more it goes up the closer he gets towards acknowledging me as his son


Keegan1948

It's about $100 a share right now. What do you suggest as a good buy in price?


equilateral_pupper

You’re talking to someone who has lost money on almost every single trade he’s ever made. I really dont know any technical analysis


Keegan1948

Sounds like we have similar trading strategies 😎


PowerOfTenTigers

$50


PersonalLab

Thoughts on a calendar or diagonal spread?


equilateral_pupper

Im not an experienced options trader :(


Matrix1216

High IV so ya it could be beneficial. I’d do a deep ITM further dated option and short dated 150 call in august or something. High OI thats been there for quite some time, so “they may know something”


patright333

Well...if it means I can blow my earning on cocaine and strippers.


dasmikkimats

Fuck me I had 3k at 3 bucks and then stopped out and never returned.


slappywhite6037

My grandma died & suffered through this shit . I’m all in.


thethrifter

Nice gains. Sonnavabitch im in.


throwatworkay

Is the rumor out and now it's the news? Too late to get in?


equilateral_pupper

Potentially but my personal price target is far far above what the price is now - hoping to realize it in 1-2 years


DillyBeast

Owww


von_Bob

Oof. Took a beating today and broke its channel


Lxsse54

yep bought in two days ago at 89€, lost 24% already 🚀🚀


herecomesthebar

AAAAND thank you sir


gongikthrowaway

Whats the plan here heading into the data readout? Are you planning to trim part of your holdings in case of a sell the news type of event or are you going to hold all the way until the 12M readout in September? Looked at how PPS behaved after the prior data readouts and there was definitely some selling that happened as soon as good news was released. Also partially concerned about the Q2 results in August and if people are going to sell after the financial results are released. Long SAVA.


DaveKetchup

The biggest upside for this is not just that it could be an effective treatment for AD, it is the potential for this to become a lifestyle drug like Viagra. Improved cognition and memory - the market for that is unlimited as students, professionals and apes all look for something to give them an edge in their various activities. AD treatment potential is around four bill annually. As a general boost for intelligence, this could be a fifty-sixty billion selling drug.


Rectal_Kabob

This is aging well


BorisYeltzen

You could have told us this back when it was $22 instead of ATH's bro.


equilateral_pupper

https://www.reddit.com/r/wallstreetbets/comments/lbsuw3/a\_repost\_of\_my\_dd\_on\_sava\_from\_119/


equilateral_pupper

https://www.reddit.com/r/wallstreetbets/comments/nx15og/sava\_simufilam\_will\_steal\_the\_alzheimers\_spotlight/


equilateral_pupper

i tried too believe me i tried. That's why i'm doing this dd too. this isnt as much of a meme stock tho so its hard to get as much traction


Strong_Noise8478

SAVA to $250 by end of July


equilateral_pupper

I'm picturing all the pretty green colors as we speak


Fit-Boomer

Fo sho !! Take my upvote


MrZwickie

Excellent one!! Same here... Profits of $457k... 100% Sava. Regularly compare it to my previous investments.... No regret at all... Great stonk... great upside potential... Future is bright ... GAMMA SHORT SQUEEZE is an opportunity if Sava gets fresh money (maybe thru media coverage they deserve already now) Let's really fight AD and forget about all minor drugs...


equilateral_pupper

I posted an extremely comprehensive DD on June 10, stock went up 16% june 11. I think as more people become aware of this stock short sellers will get more and more fucked


EstimateOk8103

$tsla time


Furrrrbooties

wtf is going on with that stock price?


ktempo

You doing okay? What's the plan from here? How will this stock grow if the market was expecting better data than SAVA has?


MR777

Up 187% in the last 3 months. This shit is priced in retard.


equilateral_pupper

that's what i first thought 3 months ago


Jimmy960

!RemindMe 2 months


tjc3

Remind me in 6 months.


way2lazy4u

bought 100 @ 49 and I’m thinking of writing a CC


littlealert1

How’d you find out about this company in the first place? Any references to search for smaller biotechs/pharmas?


AceOrigins

what are some key dates? looking to hold off on it until its ready to go