Why I'm Holding Onto $433,000 in $SAVA Gains
By - equilateral_pupper
**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/)
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Hey /u/equilateral_pupper, **positions or ban.** Reply to this with a screenshot of your entry/exit.
Jesus the options on this are insanely expensive. 180% IV is no joke.
shares are your best play, options are fucked.
I’m gonna pick up a few shares
no joke at all, if you want to play options you can look further dated. otherwise shares are a good way to go
call debit spreads are also an option if you're looking at the short term
Yeah I may play these.
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
Just get deep ITM options.
Pussyass play. Load up on far OTM calls with Aug, Oct, and later exp. Shits going to near 1k/share minimum
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.
Alzheimer’s is such a heartbreaking affliction.
Where the fuck was I during your last DD
I tried to post dd in january but the market cap was <1B
WELL FUCK YOU SHUDDA CALLED MY WIFE THEN. NOW IM STILL POOR
At least when you grow old you wont have to worry about alzheimers??
Holding strong with you all. Almost 5k shares. 💪
I pray to gains jesus for us
This guy has been watching too much boiler room. He has his diversification plan in place as well.
Diversification is something you do to stay rich
Yolo to become rich
"diversification"? am i saying that right?
“Diversification” was an old, old wooden ship used during the civil war era.
In Spanish it translate to a “the whales vagina”
I can't wait!!! I loaded up when it was cheap and haven't stopped.
Still cheap if we're going to $660 like i'm predicting! I am only one smooth brained individual though
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.
Bought 1000 SAVA shares at $2.
Sold for a loss at $1.50.
Am I doing it right ?
What do you think of AVXL
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
I second AVXL. latest data release was promising and still a ton of upside
My wife and I have 3500 share between us. This is the play!
good move to let you wife's boyfriend hold those shares
"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.
But they must have good news to announce right? Otherwise why would they voluntarily attend the conference just to announce bad results?
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
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.
I'm all in shares and a few calls. 50k or so.
That is how it gets did!!!!
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!
spoke like a true retard, I'm still holding my 500 shares.
/u/equilateral_pupper Where are you getting this July 29th date? I thought the conference starts on July 26?
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
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
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
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
So buy 10 7/16 $110c?
Depends on how smooth your brain is
Smooth as a river rock. I’ll eye those calls in the AM.
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.
Gains porn or loss porn, both are acceptable
Thank you. A fellow Savaholic here, reporting.
I had 1,000 shares of SAVA at $2.50. Sold way too early for a minor profit. Kicking myself for not holding...
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.
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.
I don't think they volunteered to present Results, their press release says they were invited
Is there a 6m ínterim analysis somewhere?
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?
This is a 100% balls to the wall yolo. Plan B is for sorority girls with poor decision making skills.
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.
#because you are waiting for $433k to drop to zero?
think about all the fucking karma that would get me
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.
>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
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
>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?
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.
def trust the person named enron
I think he can get more for his bucks if he outsource it to china...
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.
i love your username btw
haha thank you! Im glad it was available when I went to make an account
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?
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.
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
>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 $250 share price would be a giant green dildo
You're a bigger whale than me... all your own personal risk tolerance. Better to make a play you know you can commit to than to make a play you're going to paper hand. I did half shares half options back in feb. Another possibility is Call Debit Spreads.
I think some shares might be the play, less risk I paper-hand it. Great post, thanks for sharing.
As in all biotech that you believe in…..Buy shares and if it seems high price then grab a few puts. OP is correct. SAVA is burning hot right now. August is gonna be a thing to remember one way or another. No stock I know of right now that is gonna swing one way or another. I like the stonk SAVA$
I agree, i’d probably buy puts if i wasnt posting a wsb yolo. No hedging in this sub
For a moment there I though I was on r/stocks. Forgive me OP.
Its made the past 6 months very entertaining and unproductive. Dont tell my boss though. He wont let me fuck is wife anymore
Options will make a killing. Might be big buyout by January.
What do you think the end of August price target is?
Either 250 or 9 depending on the data release at AAIC.
Yeah so either I keep my wife or she finds a new boyfriend.
Saw your posts from months ago. I hope the results look great for the patient community and you.
I remember buying this stock when it was $2 and sold for $3.
This guy uses different font sizes, bold letters, and has attitude. I like what he’s selling! Btw, your wife says hey.
Next DD will have more emojis
If only I had enough spending money… my portfolio bleeds red everyday like a true retard.
Skeet skeet skeet skeet skeet. You're going to be a millionaire if you aren't already.
Wanted to sell at 100$ but then remembered your DD and decided to hold. Thanks for helping me make the right decision.
I love you mang I bought in on that dip below 100$ cause I read you’r stuff
Fun day today!!!! Roller coaster 🎢
This is going to blow up next week!!! Congrats to all the longs and its not too late to get in!!!!
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?
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!
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!
Why should I believe in this over Eli Lilly or Biogen? Lilly gonna buy them out?
Those drugs dont work: https://www.reddit.com/r/wallstreetbets/comments/nx15og/sava_simufilam_will_steal_the_alzheimers_spotlight/
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.
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.
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.
Revenge trading is usually not a good idea but glad it worked for you
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
Got in @ $50 during March 2021. One of my best play!
Nice! Same time as my dad. The more it goes up the closer he gets towards acknowledging me as his son
It's about $100 a share right now. What do you suggest as a good buy in price?
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
Sounds like we have similar trading strategies 😎
Thoughts on a calendar or diagonal spread?
Im not an experienced options trader :(
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”
Well...if it means I can blow my earning on cocaine and strippers.
Fuck me I had 3k at 3 bucks and then stopped out and never returned.
My grandma died & suffered through this shit . I’m all in.
Sonnavabitch im in.
Is the rumor out and now it's the news? Too late to get in?
Potentially but my personal price target is far far above what the price is now - hoping to realize it in 1-2 years
Oof. Took a beating today and broke its channel
yep bought in two days ago at 89€, lost 24% already 🚀🚀
AAAAND thank you sir
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.
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.
This is aging well
You could have told us this back when it was $22 instead of ATH's bro.
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
SAVA to $250 by end of July
I'm picturing all the pretty green colors as we speak
Fo sho !! Take my upvote
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...
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
wtf is going on with that stock price?
You doing okay? What's the plan from here? How will this stock grow if the market was expecting better data than SAVA has?
Up 187% in the last 3 months. This shit is priced in retard.
that's what i first thought 3 months ago
!RemindMe 2 months
Remind me in 6 months.
bought 100 @ 49 and I’m thinking of writing a CC
How’d you find out about this company in the first place? Any references to search for smaller biotechs/pharmas?
what are some key dates? looking to hold off on it until its ready to go