Big percentage of float is short and volume has dried up. Miss Thing and her small box are off for spring break. I bought her drinks at the Delano, took one for the team and picked her brain.
Word on the street is SGMO is highly transparent and predictable. It's always good to know who the fool in the room is, because sometimes when you don't, the fool is you.
CROI data was telegraphed, predictable and considered actionable by players who's actions move pps on significant volume after Q3 was reported and 10Q was filed. This was the move from 3.75 to 9.00.
The next actionable trade is clearly a play on the likelyhood of a secondary. You don't see the volume on the tape, you see it in the short interest.
Shorting SGMO is not in my trading strategy. Buying on all dips has been a sucessful gamepaln for me, but I do not have unlimited funds like the Pros and Mr. Sundry, but I listen to their words and watch their actions. I use my trading shares to increase my core position over time.
I had a very difficult time selling above 7.67 and expect pps to retest March lows prior to the secondary and retest Dec 2010 Lows on the news of equity offering. Chartists please refer to all recent moves after crossing below 50DMA.
Don't get flushed out on margin calls or testicle checks before Q4 Piib data. I agree the next 100% opportunity will result from pps move to $11.00.
<<will they not generate enough revenue from Sigma Aldrich and others to fund operations in the near term?>>
Wouldn't that be great!
Firday I think we had a short attack when the SP failed to break $8, the shorts got confident and jumped in to short more. I can't tell you how much I'd love to see an unexpected HIV/AIDS announcement smack these tempters of fate in the face.