All 22,100 shares have been Acquired and position is closed. After paying costs and margin interest I made $8,897.24 on this trade. This is why you have not heard from me this week. Would you guys like to know why I decided to cover now instead of holding for 75 cents?????
That does not bode well for longs. Use some logical thinking. The shorts are loading up and the longs are trying to prop it up, but they are only buying a few hundred shares. Shorts are in control.
Google that to see what I am talking about. I will give you a clue... Cut cut, slit slit. The huge losses may start driving you over the edge.
I know some bottom feeders think this is a good place to get in, but be patient. This trash has a lot further to fall. better to wait until after there next CC and find out how much cash they have on hand and what the share count is at. Find out the cash per share (including outstanding warrants) and then subtract about 20% from that number. That would be the best place to get in. Which is right around my cover target of 75 cents. Maybe you can buy on the same day that I do.
That is where you are wrong. I am they guy who did the bullying and still bullies. I do it because I am better than all of you and you deserve to be brought down for your bad choices in life. You guys all act like those fat broads on facebook who think everyone needs to accept them for being cows and that being fat is sexy. In reality you guys need to stop justifying your poor choices in life. You made a bad trade in OXGN and you need to sell and move on. It is not going to get any better. You may think you are selling at the bottom, but when you see the price in 3 months you will wish you dumped at these levels.
I wonder if management was the group that went short on June 1st. They know the future for OXGN is worthless instead of giving themselves stock options maybe they are granting themselves short options. Maybe they all got in short and went on vacation for 3 months. Locked the doors in South SanFrancisco and will be back after Labor day.
News..... From OXGN??? That's Hilarious. Even when they had a stream of news for weeks in a row the price only went up a few pennies. that is why shorts have piled on.
After months of short interest dropping, the smart traders increased their short positions dramatically. They used the news to get the price to an over inflated price and sold back to make big gains. If you look at the short interest, most of them are in around $1.55. If you think they are going to cover at $1.28 you are stupid. This will get driven down past 50 cents a share and these guys will cover at that point. I would expect those who went short were investors who bought the last offering and they are looking to get there money back. They probably sold their position out for a loss and went short. Most likely they are in bed with management who will assist in bringing the price down over the next 6 months.
New All Time low... I think I will get drunk tonight and stroke off to pornhub. Not gonna bother with no ho's. Gotta be ready to get at it again tomorrow see if we can push this down to the teens. It is gonna be a multi load night for sure, probably several shots to the filth on my computer screen and a few more all over myself thinking about my short position in OXGN. Have fun getting beaten by your wives for losing all your money... loser longs.