Contrary to popular belief:
Jake, they have $30M in sales (down YoY) but becoming profitable. This is not like a company that is based purely on spec with no revenues. They are turning a corner, right-sized to get cash flow positive, and now are headed for their next stage of growth.
Check it out big news on OTIV last month. Rumors of further favorable court decisions looming.
Low float and market cap
Check it out.
You know what that means...someone know something and it's good.
Needing to find money to plow into that stock at $5.75 this morning caused me to close out my BCRX options with a big time $17 gain after commissions. I wasn't happy at the time to do it but boy am I now. Not only do I get a big gain, I avoid a big loss shorting BCRX. Sometimes trading is just about luck.
And even if there is, no guarantees it will tank. Look at BCRX, secondary at $4.40 two days ago and it spikes to $6. I thanks my lucky stars I got out of my put option position on BCRX with a huge $17 gain after commissions and dumped it into STXS.
Even if there's a secondary in the works, no guarantee it is happening any time next week which means this stock could reach $20+
I'm sparking fear because I'm stating the obvious? That there was a secondary at $4.40 and a gap to fill? And also stating the obvious that MMs were manipulating the open so the banksters could scalp nearly $1 for free?
I didn't even say this company will go bankrupt or something so how am I inciting fear? Wow I said a drop to $4.50 to fill the gap....o0o0o0o0o0o0o0 I should write ghost stories with my ability to incite fear lol. If you're a true long you should be happy with a 15% pullback, that gives you a chance to "buy more" as typical pumpers always say. Unless you're one of these tards that loaded up on margin at $5.30 and are sweating it out looking forward to a margin call and a nice daytrading loss later today, you really shouldn't have any issue with what I'm saying.
lol you longs...so funny, married to your stock and using personal attacks on me as if I just spit on your grandmother's grave. That's why these big shot institutions can get away with this again and again and again on the markets. They know human psychology. I'm not even saying anything bad about BCRX's potential. Sure, they could be $10 three months from now. But I'm not interested in three months from now I'm interested in the next 2-3 days. And there's a very likely chance it goes under $4.50 and I scalp some nice 50-100% profits on my puts I bought earlier today. Then maybe I look at a long position. But right now short is the easy money.
You know the market makers are just manipulating it so they can sell their fresh $4.40 shares to retail right? I don't know much about the long term prospects of this company, but that gap WILL fill. Maybe today.
Sentiment: Strong Sell