Mirum Pharmaceuticals, Inc.
Long
Updated

MIRM expecting something big

91
This stock was a pendulum pick (as in from dowsing) from around August. I posted an idea at the time, and it's gone up, but been consolidating. Last week or so, I decided to let my dowsing choose a stock from the fi viz screener from ALL exchanges.
There were over 9500 stock tickers & you know which one I landed on??? Yeah, MIRM again.
This is virtually impossible, & really got me fired up. I decided to check the option and that day (early last week I think) there were 1900 calls bought for next months $45 strike.
MIRM trades NO options, so this is extra interesting. And I happened to look on the day they were all purchase at once, or at least on the same day.
I will still expect the original target, though I do need to verify this still. I just can't help think something is brewing here.
Trade active
earnings tonight. Still hasn't hit $57, but I do get that to possibly $59. There is a warning not to hold on to this long term, so I'll likely be looking to short it, but will make a new idea if I do.
I get something about exiting in 2 weeks = 3/12. I will exit at 57 if it can get there. And, I'll be watching for any suspect options... like on the put side. Anyway, likely up on earnings or maybe down a little and it gets bought in the morning. That's all, really. Mainly don't hold long term I think.
Trade closed manually
Only got to $54. I thought it was great, but targets need to be hit BEFORE giant reversals the other direction. Is this a matter of "free will" & someone doing something different after the times I asked? I don't think so, or why would I have multiple times gotten the number 57? Let them overshoot targets, fine, but missing by 5% isn't the best we can do.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.