Wanted to know what "big" money was so I went to the nerv board. My god! That's big money! Seems understated to say "good" trade, that's a stupendous trade. Glad to see you prosper. Still waiting for Trov and Ctrv to wake up.
Always exempts the MM. They have always had the right to print counterfeit shares and naked short in the name of liquidity. Helps them a lot when they get too long or short. And they do short you heavily. Can't lose. Just print shares to cover. Almost worse than a convertible note offering where the noteholders short you down to their basis and then convert shares to cover so you never go back up on the cover. Good luck.
Looks like that was pulled. Spoofing by shorts? Interesting fact: 95% of HFT trades are cancelled before executing. They stack the bid and ask and pull it to influence the computers at NASDQ. Yes it's illegal, but does anyone really think HFT shorts care?
I've reduced it to this: short posters think they can influence the price with their posts. How silly is that! I wonder what percentage of the float SGYP longs make trading in any given day? What, 0.0000001 percent. Then you have to whittle that down to those who post on the YMB. Now your really down to about zero. Influence people's buying and selling? Influence who?
I swear, I used to think they were all paid. But then Kevin from stocktwits actually looks them up and finds out they're drug reps from IRWD and the likes. Many are not even paid, they're simply deranged. So as futile as it is to argue with a paid poster, it's even more silly to argue with the deranged. It's like in the movies when the serial killer is just about to kill his latest victim and the victim pleads, "you know you don't have to do this." You almost start to laugh because you know if the serial killer had a conscience, and you could talk to him, well,.. The guy wouldn't be on a slab about ready to be killed.
Looks like the year may finally be starting to turn around a bit. It would be nice to finally see some rotation in bio. Have yet to participate in the market rebound. This could all be timed perfectly to crescendo in January. Keeping my fingers crossed. Think we sell months after FDA approval. If earlier, so much the better. But you know, they made us pay for it all so we might as well get our money's worth and completely derisk the molecule. My best to you. Honest men hard to find.
With shorts having covered over 10mm shares recently, must be easy to get shares to short. Looks like short interest down another 500k this reporting period. Must have naked shorted us.
Remember this is two weeks back. Probably have covered some since then on the run up.
Let's see what they did two weeks ago. If they didn't naked short we may see an increase.
There is no difference between the pumpers they hate and what they do. Funniest thing is that all agree buying and selling based on message board posts is ridiculous and no one does it. So why post. Longs try to share information on fundamentals and timing.
Pretty clear these short posters think they can influence the price with negative posts on message boards.
Go for it guys. What a complete waste of time and hedge fund money. In my time here I've seen them all come and go. Want some advice? Buy low, sell high. And I'm not talking 50 cents.
Long and strong.
Very good news. Shorts clearly are hating it so it must be very good for us. Just like longs chase a rising price and get burned, shorts chase lower prices and get burned. This is what happens when you trade the trend instead of the company. These baby ushort posters are trend chasers. They know nothing about the company or the drugs. Good news about the drugs are bad news for them. Long and strong.
If you look at the NASDQ stock consultant for Trov, it shows both chances of going short or long at 50%. That's why traders are talking here. They're trying to figure out what's going to happen next.
Shorts just covered out their short from $3.40 to $5.40. So here we sit at $5.32.
Shorts are here looking to see if we go down and they can short. Longs are wondering if the next leg is up.
Shorts may have the edge here since we've come up so far so fast on the cover from $3.40.
Up runs are from $5.20 - $6.70.
My feelings are its a bad short from here and a bad long. Direction will clarify soon for all. Think a small pullback to $4.68 will be setting up a run. If it runs on no volume it will be sold. Will be very hard to call a top if it runs on no volume. The higher it goes the greater the chance they short it. $6 - $4's would be a good short.
But $5.20 to $6.50 would be a good long swing. Particularly if you bought at $4.50 where my swing shares now sit.
Just have to watch this one closely. No one knows now. Discerning traders are watching and starting to talk.
I understand. Longs with a swing position should be talking too. Even if your long, got to know when to sell the swing shares right?
Just how dumb do you have to be to do that? Clearly there are some here. Problem with knowing nothing about the company and trading the trend is you can't tell when things are about to turn or at what price.
Longs just biding their time here while morons risk everything they own shorting for 35 cents. Smart move. Good trade. Baby shorts could get wiped out with a good rumor down here.
I'm with you mind. HFT is one big problem, naked shorting another. I think they use both to illegally manipulate us. Sometimes they drive us down with HFT and borrowed shares (illegal) other times they pile on with the naked short (just as illegal). Point is, it's all illegal. Personally, I don't believe that someone should be able to buy in weeks before buyout at a price lower than a long who bought low two years ago. I HAVE to swing here and elsewhere just to pay me for holding my long on a company that has produced nothing but stellar results from the start.
If you don't swing here you can't go long. That's a messed up system unless all you do is swing. Which sitiutation exists becasue you can't just go long in baby bio. It's a cesspool if you ask me. And I profit from it too, but still recognize it for what it is, illegal manipulation of small cap stocks.
Being able to sue in state courts should dramatically expand the number of suits and enforcement actions. Don't have to wait for the SEC anymore.
Think sgyp should file a state suit just for the chilling effect it could have. But they are probably complicit in it all too. Just used the manipulation to get rid of some Note holder debt. It's a cesspool of a system and it needs to be reformed.
Got to limit HFT trading that makes it all possible too. I agree with the uptick rule. If they taxed HFT trades baby bio would turn into a value play on fundamentals. How weird would that be.
As all can see with the recent recent short attack, Trov trades only on manipulation and catalysts which shorts use to manipulate the price even more. It's a cesspool out there.
We are not shorted, we are illegally manipulated. We have every right to be angry. Those who say we should accept this manipulation are either complicit or apathetic. I'm neither. Good luck longs. Long and strong as always.
Hey Mind, you sound like you've been here for a while. The manipulation here makes you kind of numb after a while. We go up, we go down, always intensely manipulated in a way I've never seen. I think Paulson gave us time to get a better offer. He's in until buyout like me. Hard to watch the trading here anymore. Used to watch the bid/ask here a lot. I've seen it all so many times now that it's hard to watch. HFT manipulation. I can almost tell you the size of the ask at any particular price. Started pounding it right from the start. Despite this, the future looks bright. Long and strong as always. Blockbuster drugs don't sit on the shelf. We will be sold.
My thoughts exactly. MM is involved here. Chartgasm was completely wrong about both short interest and the raise. Who knows what his motives are these days. Did a good job at setting forth how the Noteholders brought us down though. Also notice he's in Ctrv. I keep swinging it for $10k profit every three months. Starting to wonder how many times I can get away with it though. Good luck longs.