Shorts are clearly trapped. Over five million shares short are reported by NASDAQ . . . shares are still hovering around $6, . . . and huge good news is expected within just a few weeks or less that will drive price into the teens.
It's almost certain that the shorts will launch a very negative article about AMPE very soon so they can buy shares back without losing too much more. A $10 spike that could happen very easily would cost them over $50 million in additional losses so a well placed article is the last chance they have to cover.
Be ready to buy big amounts as soon as the article hits because it wil cause shares to fly like no tomorrow.
Get ready for very big and very good news very soon. The company said results will be announced in the third quarter and there are only five weeks left to go. The clock is ticking dangerously close for the shorts so be watching for their last chance dying breath of a negative article.
nine weeks goes by quickly when you consider how huge the move will likely be. It's too risky to be out of AMPE because the news may come any day when we are not expecting it and once it comes, it is too late. Shares will jump to the teens instantly and move higher from there.
...the bigger question is what happened last Tuesday when the stock dropped 13% on big volume. Either way, I expect Ampion data in the first half of August, so we're almost at THE inflection point for AMPE.
Yup, my thoughts too. The closer we get to the news, the more active the shorts will be. Watch out for all the negative posts by crafty shorts like imprvngmyavg, they appear friendly but they pack a punch. The bashers have become quite sophisticated.
LOL, "Crafty" you give me too much credit. Hard to be anything when the audience isn't listening or willing to reconsider their own infallibility. and for the umptiunth time. I AM NOT SHORT THIS STOCK and I thought you said you were paying attention. ;-))