Don't fall for shorty's BS. One cent here or there DOES NOT MAKE A DIFFERENCE !
Big PIC: This is a Pharma stock **WITH** earnings ! They have cash following , UNLIKE 90% of the other pharma with cash flowing OUT !
Now this is a FACT ! So don't get dragged by SHORTS argument about "expectation".
Other FACTS: Only one drug was approved thus far. There are MULTIPLE ANDAs lined up and THREE with potential approval THIS YEAR .
Another FACT: Low float ! This means the next approval or two or three...can send IPCI moving FAST. Very fast.
I have not sold even ONE share yet.
Remember, short are counting on the low float to drive YOU into panic mode. They thrive on FEAR and uncertainty. They use : LIES, half truths and BS as their regular M.O.
Don't play their game ! In fact if you want to attack back, place a GTC , - LIMIT (high limit ! ))- 'SALE' on your shares held in a MARGIN account. This will prevent shorts from using YOUR shares against you .
Relax folks, it is only a matter of time before we get the next approval.
I dont believe putting in an order at any price will deter the broker from loaning your shares out for short sale, I think you need to ask your brokerage manager if that is true. As long as it is in the margin account it can be loaned out.. If you switch it to a cash account then it cant be loaned out until then it is shorted.if they want.
if you have a margin balance they can loan your shares regardless of a gtc order. if you have nomargin balance then you can opt out of them loaning your shares but I believe you have to sign an agreement. either way call your broker bc it may differ between firms.
One thing that bothers me is they reduced R&D which effects new submissions and Resista updates. They said they would announce Resista info by year end last year and now later this year. They also said they would submit at least two new dugs this year. Maybe, maybe not now.