Anyone else get on this gravy train? I started buying JAZZ at $178 (the top) after the GWPH acquisition gave me some shares. Earnings were a bust last quarter and the CEO did a huge inside sell and it just sank. Falling knife for sure and I was so bummed to be a bag holder, but I kept buying because they were just going to kill it with GWPH purchase on top of their pipeline in narcolepsy and oncology.
I started off with single stocks around 175, then 168, then another at 150. Shit, when's it going to stop bleeding. Then amounts of 10 and 20 in the 140s. Another 20 at 135 and finally rounded off to an even 100 shares at 129.
Ever since, I've been selling covered calls to a make up for fat losses and today I'm vindicated. Not only did I cover some (not much) losses via cc, but it rocketed 12% today and I think can probably hit $200 a share by the end of the year.
I am joyfully happy that the stock has finally taken the turn I knew it would
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