That's really silly. If you didn't get out yesterday, you'll be in trouble for a while. I made a quick exit yesterday, and I'm delighted. Buy it at $5+ and prosper.
What garbage are you spewing? Take it at $3 tomorrow. I'm out completely though. I shorted this nonsense in ANY WAY possible, and I did very well. If it races up to $6 again, I'll short it massively. It's easily available at Etrade and Fidelity.
This has been a very profitable SCOK affair. The irony is that I've ALWAYS made money in SCOK. This time, the revenge was sweet. From $8.02 on Sept 16th. If you don't cover now, some fool might think there's something in the warrant news. If I sign to buy @ $5-$6, and the stock is on sale for $4.33, why should I go on with the deal? Just tell me. Well, they can go on now and buy it on discount NOW. Therefore I have covered, waiting for THEM to shoot it up again. I'll never be on the long side of this stock.
This is how VVUS appears on Etrade Pro (Trade accordingly):
Shares Outstanding 103.5 M
Institutional Ownership 70.18%
Short Interest as % of Float 33.02%
Sentiment: Strong Buy
Watch out when this stock gets to $5, and the restricted funds begin to buy into it. It has the potential to go to $10 in a second after that. There should then be a giant short squeeze. Talk about erections!
I'm holding this until all those who couldn't get BABA shares come back to look for bargains. They'll come back to this one. Watch out.
Sentiment: Strong Buy
I'm addressing you directly because from your posting you seem to be new to all this. My honest, CANDID advice if for you to sell now before it goes below $5. I see you're losing some money, but don't let lethargy/inertia take the rest of your money. This stock is gone. It's usually its pattern.
Don't believe any news from SCOK. Trust me in this one. Good luck.
I'm sorry, but the first mistake is in buying these silly companies. There's nothing wrong in your stars. Just don't be emotional about stocks. Follow facts. Now, if you have money, go on and buy BBRY today. It's low. It might go lower still in 2 more trading days, but it will go to $15 or so in 2 weeks. I wish I could talk to you privately, but since I can't I suggest you buy TRVN and CUDA. They don't look sexy, but I see a huge 3-month upside there. Overall do your own DD (due diligence).
I hope you're still in touch with the SEC. You name dropper. Drop more names. Why don't you call the NSA and FBI and see who gets the butt of the gun.
I don't know why people keep on buying this company. To my knowledge, this pump and dump scheme in SCOK has happened more than 7 times since 2008/2009. It's a pity many newbies fall for this one. Check PUDA and LLEN. They all happened the same time. They were shell companies that transformed themselves into fancy Chinese energy and coal companies. People got slaughtered. I made some money in SCOK because I sold fast, but I lost a great deal in PUDA, a really great deal. I still have 30,000 PUDA shares left in my Fidelity account. The lawsuits are still flying, but don't hold your breath there. SCOK is a scam. SHORT IT ALWAYS.
I told you to keep away from this KNOWN scam when it was at over $8. I hope you listened. I'm sooo happy now with my position. Watch out for under $5. Just watch out in a week. It's so pathetic.
What are you talking about? Early this morning, I got the final notice of offer for $15 from my broker for 4000 shares. I wonder how I'm a sucker in that. Are you crazy?
Whenever a stock goes up more than 5% in a certain amount of time, the circuit breakers kick in. It was instituted in may 2009 (or 2010) when rogue traders tricked the whole market into a fake selloff. Etrade Pro will always give you a notice of that.