smart money dumps this often. youll notice the big dump was followed by small buys. of course the person on the opposite side of the trade would risk it at 1.40 to sell it back at 1.60. and they did so yesterday. its called a market maker.
what i am baffled by is if the current option isnt FDA approved but doctors are using it why is there a need for a safer alternative. lol. seems like idiocy to invest in this product. file the preIND for ocular now.
because even if it works a buy out could be below $1.40 a share. sad but true
i used to be a long. sold half last year at 6 from 3 and got killed on the other half from 3 to 1.80. i thought i was stupid when it recent rant to 2.20 but alas i got out. now i am happy. this company is mismanaged and the CEO needs to go. it will continue to use new money to live but no value will be created. in one year no value has been created. and long term it has lost value. very bad sign. sorry to all those who lost or are stuck. just how it goes. finding the next big biotech is a needle in a haystack. 99 out of every 100 are utter failures. this will not be in the 1%.
that would actually be a good thing.
cash running low, investor confidence low, preferred shareholder liquidates and dilutes the stock heavily. this company needs a partnership now or a secondary offering is coming. who the hell would loan them money? i hope they do get loans or a partner because a secondary at this point would be a slap in the face.
too bad, you would have made a lot of money shorting. now you just look like a putz.
reality is near 52 week low and fundamentally has good financials and IP. shorting makes money but no one sells based on your drivel - sorry bro.
if you cant figure out the markers are taking the short position knowing they can cover on increased buying you are inept. that is what is happening. oh and i wouldnt be scared at 20-30% short interest because they could never cover that before september 10th....