Welcome to SI, Blasted. Gotta love it when someone registers, buys a 3-year subscription, and posts questions and opinions right up our collective alley all in the span of about 3 hours. And not just posts like "XYZ to da moon Friday!", but the kind of stuff folks like us can really sink our teeth into.
As funds permit, I, too, am doing what it sounds like you and a lot of people here are doing. Looking around and thinking "If the world isn't coming to an end, there are a lot of very good companies offered at very steep discounts right now, and even if they're twice the price they were 6 months ago, they're still a steal and one need only have a timeline of years; not days."
Just a little over a year ago, I put in a ton of limit buy orders at what I thought were stupid prices. The kinds of prices I didn't think I'd have a chance of getting, and the total of my orders, assuming the stocks didn't tank after I bought them, would've maxed out my margin.
About once or twice a month I'd check to see if I was getting fills. I was. Got a bit into margin but not too deeply and am nowhere near it now.
I used to be an active trader. These days I'm just too busy for that, so even though I haven't been a buyer in a long time, I consider most of the stocks I've bought to be relatively safe alternatives to savings accounts but with likely far higher yields.
I'd probably still be buying with every spare penny, but not a lot of those laying around. Websites in the re-start phase (yet again!) do have healthy appetites.
Regarding SNY, unfortunately my wife is highly placed at a CRO, so even though we don't talk shop much, I'm just too darned cute to find myself in prison because I happened to load up on some OTM calls only to find out over dinner that they're not only a client, their FDA submission is nearly done, weeks or months ahead of schedule.
When I'm presented with a possibility I think it'd be insane to pass up, nowadays I do tell her that I've taken a position, don't specify whether long or short, and tell her that if they're a client, I don't wanna know it or anything she knows about them. |
