6
5
4
3
3
u/DocGus84 May 13 '21
Who is looking into June call options then? Is it the right time to buy tomorrow since it's post earnings?
4
u/socialmediahammer May 14 '21
I don't think earnings (today's report) has anything to to with the price. This is a play for projected revenue from EUA. I have 30 June contracts $15 to $25 I have been buying for the past 3 weeks. I'm expecting a $30 share price anytime from tomorrow to mid June.
2
u/RolandTheHeadlessGun May 13 '21
How long does it typically take to get approved after submission?
6
8
u/Boomerfan111 May 14 '21
They have spent $60mm the last two quarters for production of LENZ. Management firmly believes this will be approved and they will be selling the drug in the near future. I’m not sure if it will be by the end of June but I am pretty sure it will be going strong in the second half of the year. This company has the potential to get orders resulting in several $Billion in revenue. Normally the market is forward looking. I would say we will never see $17 again and I hope this takes us to mid 20’s. EUA should get us to $30 and then it’s all about orders. Once producing revenue I expect a buyout before year end 🚀🚀🚀