I see ARNA moving to $24-$52
Yes, I see that. I believe they have lined up many conferences leading up to ASCO. Plenty of news along the way as well.
will be happening when they team up with checkpoint inhibitor !
Juno 4.1 billion, XON 3.3 Billion. ZIOP can move up 4x from this price or $36 !!
If you short a stock at $5 and the stock goes to $2, you make $3. If the stock goes above $5 (let's say $8) instead of buying the stock back and losing $3, you exercise the warrant you own, paying NWBO the $5/share(great for NWBO) and you have covered your short position and broke even. NO Profit.
The problem with this strategy: maximum profit is $5/share if shorted and the stock goes to zero. If the stock goes to say $30, the warrant holders had the right to buy shares at $5 ( thus a $25 profit) but instead needed to use the warrant to purchase back stock they shorted. So they missed a HUGE profit and made zero! Also paying margin interest while holding their short position. Makes no sense especially in a biotech that any day can partner or be bought out at enormous numbers and on its own merits be triple digits.
If this video got air time, NWBO would trade at $100.
This is a tactic used during a big accumulation phase. News usually follows.
NWBO will be HUGE.