It almost seems like a decade has passed since the Marxe Bros. pulled their major dumps of Inovio
stock... but it was only one & two years ago since we saw Inovio valued around $50M.... Recently Inovio has been valued $450M+ Of recent, the shorts have been emboldened and have placed their largest bet that they can drive the stock back down... their MO is to continue until they can't... and very quickly get the heck out of Dodge... Day traders will quickly retort that the short interest stats are misleading because in their words... we cover daily... multiple times... in the big picture that's bunk! Currently, there's a significant short interest.... and the retracement of Inovio's stock to it's previous $2.50+ will first occur in the pre-open. The question is what will be the catalyst???
My personal take is that we'll see another partnering announcement by the end of the year. Secondly, we are very likely to hear on some very significant pre- and clinical results before year end. I've continued to purchase shares.
It's pretty easy to sense the vitriole and hatred of Inovio on the street... by those who missed the boat on the initial leg up... undoubtedly competitor-paid bashers.... etc. Fortunately, investors are getting increasingly conclusive evidence that Inovio's novel science & vaccines.... not only work... but are game-changers to the industry. As Kyle & posgate(?) have ably communicated.. Inovio has so many pre-clinicial studies underway... published studies indicating superior results... Inovio just isn't bother to issue press releases...
The short interest can be likened to a packed movie theater.... when someone yells fire (i.e. next significant announcement)..... it will be impossible for the shorties to get out... there just won't be shares to cover.... meanwhile everyone who sold out of fear will be buying back much higher! Inovio will be $1B+ company very soon!
The only point you may have overlooked about short interest is that they are leveraged with puts and calls. They make money whether the price goes down or goes up and the MM's facilitate the process and minimize losses. Significant short squeeze situations are not common in today's markets.
Thanks Mark. Whatever happened to the article you were writing for Seeking Alpha? Wasn't it supposed to come out late September? Did they hold it back as too speculative? Lol. Are you still gonna try to publish it?
They not only missed the boat as you said Mark, but they also shorted INO from 50 cents.
These guys hate INO longs and Dr. Kim. As the stock fluctuate, sometimes like these days they make a few cents and take comfort for the dollars they have lost.
I second every word you wrote markbuti. We have seen this all before when we were in the low 0.50's to 0.60's to the 0.70's and on and on! Today we are way above those prices. If other's choose to sell out of fear, they are the type that will never ever hold onto their shares up to $100 PPS. They will sell up to or below $5 in my opinion. I guess there are many without foresight but those with, will prosper more than we ever thought until recently! Because I used to think INO would be worth $100 PPS within 10 years, today my knowledge has expanded and my judgement has never been so sure! So, I now think this stock will reach $350 within 10 years! This is of cause if we don't get bought out before hand, which I really hope we don't! Good logical post Mark, cheers!
Sentiment: Strong Buy