Today I am going to talk about how I got a profit of 288% in 13 days. I came across Cassava sciences when I was searching for a company that was doing some research on Alzheimer’s disease and they were developing a new drug which was in Clinical trials.
They were going to publish the results of their drug trial. I did some research on the company, about the status of their drug ,any related issues and their current stock price.
Their stock was being sold at 2.57€, based on my research I knew that their stock price was going to increase once the research information reaches the public. Once the results were published the stock price increase to 5.18€ first and on the same day it increased to 6.48€ and I decided to sell half my stocks and remove my investment. Meaning that any money that I had in the stocks would be pure profit and I would not loose any money even if the stock fell to 0. The stock price kept on increasing and in 13 days of me buying the stock at 2.57€ the price increased to 10.08€ and I decided to sell my remaining 20 stocks at that price. The stock rose to 10.74€ but after that it started to go down and is now at about 8€ at the time of publishing this video.
I think the price would decrease a bit and could reach 5€. I would keep Cassava Sciences in my mind because between 4-7th November they are going to present their results in 13th international conference on Clinical Trials on Alzheimer’s Disease (CTAD) which might cause the stock price to increase.
That said you should always be careful in what you invest in. I knew the risks when I invested in Cassava Sciences, as I did not invest a large amount I also did not get an large profit. So whenever you invest in a company, do your research first and don’t just listed to a friend or a youtuber . Always do your research. It is recommended for beginners to invest in ETFs as those help reduce the risk in many companies instead of a single company.
*None of this information is meant to be considered as investment advice, as I am not a financial expert and am only sharing my experience with stock investing. The video and the article are accurate as of the posting date but may not be accurate in the future.