Mar. 30 at 7:53 PM
If you are bullish on
$BCTX, you should consider
$BCTXL instead. This is a warrant that allows you to buy shares of BCTX for
$6.93 each. So if BCTX stays below
$6.93, they are worthless, but you can buy these for around
$1 currently and if you believe this company will trade for anywhere above
$8, it probably is better to own BCTXL rather than BCTX. The downside is that if the company keeps moving along at current prices, these warrants will be worthless, but my thesis is that this company will either be worth a lot more than
$8/sh or basically
$0. I would not recommend buying this company at all if you aren't expecting a binary event. This means your options are either invest 25% of the capital you would have (Buy 1000 warrants instead of 1000 shares) OR buy 4x as much exposure for the same price (Buy 4000 warrants instead of 1000 shares).