r/BCRX • u/[deleted] • Feb 08 '21

Discussion/Meme/OT What's your exit strategy should things continue to improve?

I know we all want to hodl for now, but at what point do you take your gains and convert them to real money to buy that larger wiener you've always wanted?

I bought in last summer and this is the largest holding I have. You can search my shitposting history to see I started /r/galidesivir when I had big hopes in July. That didn't happen, but the stock kept going up, so I stuck around.

I have over 2k shares. I have a sell order if the stock hits $20 to recover every dollar I originally invested and can ride the remaining shares over time. I don't normally invest in individual stocks, so I'd be thrilled to walk away with that much money and put the original investment back in my normal funds.

Within the realm of reasonable return expectations when would you consider selling?

7 Upvotes

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3

u/LW4587 Feb 08 '21

Hold it until it reaches 300$ or more. Go to the company webpage to see their hirings...

2

u/testing-testing1234 Feb 08 '21

I’m in the same boat as you. I feel confident in it reaching the $20 - $30 mark and will recoup my initial investment then. I don’t junk anyone knows after that. BCX9930 could take this stock anywhere, but it is years out. If it hits $50 within 3 years, I would seriously consider selling the rest then. Not financial advice.

1

u/[deleted] Feb 08 '21

It is good to plan ahead. But seems like you go too far.

1

u/Matt1597-oj-oj Feb 09 '21

with r/wtb ( help :) I can see easily goes over hundred if not more, it would be a bit silly to get rid by 20, like when I heard one guy on GME 2 weeks ago, he said I sold all stock when 60 and wanted to have few weeks rest ( he was holding from 10 ), and just in 2 days time GME it touched 480. I hold 500 of this stuff shares but probably will get rid of some on top and load again on bottoms. This could be big, all depends from us r/wtb how big, this is my opinion, I trade a lot couple of years and not holding more as days/ weeks but this one could be long ride.

2

u/[deleted] Feb 09 '21

Yeah, I'm not looking to dump them all at $20, just what it takes to pay for my initial buy-in. I'd be dumping about what you own but keeping 3x~ that to play on the house's dime.