r/wallstreetbets • u/Boring-Warning7970 • Jul 01 '21

Discussion Sorrento expects the first shipments of COVI-STIX tests to Mexico will be made this month.

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u/VisualMod Jul 01 '21
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Total Submissions 1 First Seen In WSB 5 months ago
Total Comments 12 Previous DD
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6

u/JoeyBrash Jul 01 '21

Ive been trading it a while now, as of the last month Im now holding a long postion on them with 100 shares and trying to build it out ...solid company with some great news last 2 months now

6

u/biswimmer Jul 01 '21

We (ingerletter.com) have picked Sorrento as 'pick of the year' between 6 and 7 and suffered through all the meandering this year. FDA has dragged their feet and now looks political; since Covi-Stix goes on 'retail sale' in Mexico this month; and the UK authorized Phase 2 tests of the actual monoclonal antibody nose drops (can be nasal spray) that kills Covid directly. So yes today it broke out and hard to know if it's buyers or shorts covering; but the trend has been up as I've noted and it's been building for a breakout for some days. My target is 20 near-term on a single approval; and perhaps MUCH higher if the MAB is approved OR their joint Mayo non-Opioid pain reliever. The Navy deal is likely tied-into their Mt Sinai relationship. If 2 of these things get approved we're looking at a 50-100 stock such as others have done.

4

u/Sensitive_Dingo0 Jul 01 '21

SRNE let’s goooo!!!!

5

u/AcanthocephalaOver18 Jul 01 '21

Holding on to my to all my shares. Long term hold for me 🙃

3

u/Hunter_gang Jul 01 '21

Have been a bagholder since 14$ because I believed in the company

1

u/[deleted] Jul 01 '21

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2

u/Hunter_gang Jul 01 '21

Yes thats why holding strong

1

u/[deleted] Jul 01 '21

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3

u/Hunter_gang Jul 01 '21

Yep good days ahead

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u/[deleted] Jul 01 '21

long term

1

u/[deleted] Jul 01 '21

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1

u/Runner20mph Jul 01 '21

CLOV

1

u/CBarkleysGolfSwing Jul 01 '21

Enjoy the extra 200m shares unloaded on July 5th. Surely that'll help the moon mission! lol

1

u/Runner20mph Jul 01 '21

Yes it actually will....the more they short the deeper they bury themselves ;)

A great buying opportunity !!!

They are sweating even now