Some of the shorts may be underwater as the PPS had been down in the $1.40's and $1.50's earlier in the month.
As for me I had a buy in at $1.66 last week, just missed as the PPS only went to $1.68.....If I had filled I would have sold it at $1.90. That is the way to play CUR. I think we will go lower this week, will have a buy waiting at $1.60, time will tell.
These are the issues I see.
1. Something is not right with the STEM/CUR lawsuit, there is no way on Earth that it should take this long to render a decision. I don't know what it means, but something tells me that back room dealing is happening, it is just my guess.
2. The AF article in March was labeled as a "Hit Piece" & Manipulation by many on this board. If that were true then the greater market would have seen though the BS by now and the PPS would be recovering, yet the PPS continues to go down since March 12. Tells me that people in the know don't see a lot of value here. Worrisome.
3. In relation to item #2, wasn't CUR supposed to have come out with their own analysis and report on the ALS results by now? Where is it?
4. On June 26th CUR released Alzheimer's research news, HK532-IGF-1 transplantation, and the PPS immediately tanked to sub $2. It has not closed above $2 since.
While certainly manipulation happens in the market, if the CUR research is going so well, then why aren't institutions and investors scooping up cheap shares? Personally I have been flipping this between $1.70, $1.80, and $1.90....every couple of days I turn it.
Good luck all.
They don't seem to be very accurate in their predictions....CUR has been dropping since the bad news in March. I trade this, the only way to make money on it.
I don't think that you have a bad plan, I just think that we will visit $39's at least one more time....who knows, I could be wrong.
Actually people probably died & became unwell of stress related illnesses caused by Lerner unleashing the IRS on them. She harmed the entire country by basically muzzling a large part of the electorate.