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Cyclacel Pharmaceuticals, Inc. Message Board

  • reelin2003 reelin2003 Dec 11, 2012 9:16 AM Flag

    Important Message to All Longs

    There are almost 11,000 open call contracts expiring next Friday. If the contracts are in the money, the contract writers have to provide those shares (if the option holder decides to exercise them).

    On Friday December 21, potentially 1.1 million shares need be supplied and another 0.45 million short sales to be covered. In essence, shorts need over 1.5 million shares by next Friday. No really surprised why shorts have been so active in the past few days knocking on everyone’s door for CYCC shares.

    MY ADVICE TO YOU ALL LONGS:
    1) Call your brokerage and restrict your shares from being borrowed
    2) Put a sell order of ALL your shares with a limit of $20.00+ and GTC (Good till cancelled). This step is very important since it’s preventive against short selling.

    I’ve been investing in CYCC for the past 4 years. We all longs have been screwed by shorts so many times. It’s payback time! Let’s join forces and take the shorts down. Who’s with me?

    Sentiment: Strong Buy

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CYCC
4.93+0.06(+1.23%)Jul 27 3:59 PMEDT