That's a major reason I bought it. Ignore those who would somehow try to compare it to risky systemic drugs that might carry systemic consequences. Besides molecule is completely de-risked with two phase Iii trials.
Trapped shorts aren't covering, they're averaging up and taking their lumps in small doses to avoid having to cover at a huge loss and being squeezed. This is becoming less and less effective as the pps drops. What do you think the cost of carrying 27 million shares is by the way. Eighty percent of baby bios fail in their data, and shorts win. When they encounter a winner like us, they have to take a loss now and then. We are the 20%. Shorts lose here. Can't win them all. Don't sell to them and make them suffer. They can buy and sell to themselves. They seem to enjoy doing this anyway. As always hope the short take here fails miserably as it appears to be doing. All we need is a whiff of buyout news to crush them. Can't happen too soon.
Hank, with 124,000k shares long like me I think of you as leader here, albeit a quiet one. Help the new longs who are in distress as we were some time ago. Solid longs like you deep in the green show going long here is the way to go. Good luck.
IRWD and TROV both up over 2% so far today. You've really got your finger on the pulse of this thing. Do a compare chart on the the IBB and SGYP. That should end the discussion.
Can't go wrong quoting the smartest trader to have ever posted here. Always thought shorts sold or covered until he introduced me to the notion that they might simply "average up" to avoid being squeezed. I recognize he's not infallible, but have never known him to be wrong yet. That's a pretty amazing track record. If your out there reading Trader, your posts are always appreciated. GLTA.
Now that's what I call a persuasive post. Well thought out bringing to bear complex data and arguments.
For the longs reading, I would also note that for shorts averaging up, the lower the pps the less effective averaging up becomes. This is becoming problematical for shorts at these levels. They must short more and more for less and less gain. Just a thought.
Short have us down about $3 below actual value right now. Scaring every one to death here. Although old longs are very green I feel the pain of those who bought recently. I remember how it felt. The only thing that used to make me feel better was buying the bear raids. Buying short shares is cathartic. I recommend it as therapy. Stops you from feeling stupid knowing you just bought some of their shares cheap. I remember predicting this bring down for TROV. Not a bad buy now.
They took us from $6.50 to $3. Now from $9.50 to guess where. Think the same range may apply here, although $7.50 has been strong. Shorts averaging up. 124,000 + shares long. Data was unbelievable. Not looking for a quick buyout but for value creation and for my shares purchased at $3 to go long term capital gains early next year. Even if they sell late this year, closing won't happen until I go long term capital gains. Keep hoping I can go from here to TROV, but the timing may not cooperate. Good to hear your voice. Still curse the 10k shares I bought at $5.70. Can't win them all.
It's still all shorts. We don't trade with the market. We don't trade with the IBB. Never have. Maybe never will. Don't sell to these guys. Certainly don't lock in losses if you bought higher. Keep averaging down. Use them like they try to use you and hold long. Momos are out of their league trying to trade with HFT shorts here. Don't use stop losses trying to be clever. They only lock in losses for you here. Don't look at charts. They are illusions painted by shorts. The tipoff for today was the negative SA article planted by shorts in conjunction with the onslaught of short bashing on the boards. They were going to take it down anyway today. Data reads were brilliant. Hang in there. We have created great value recently. If the pps doesn't make sense to you it's because it doesn't make sense. Trust the fundamentals as you know them and know that longs are not selling. Why would they with this data? GLTA.
I think you're seeing shorts averaging up to avoid being squeezed without covering. That's why short interest is still rising. Hard for me to tell what their basis is now. Just my opinion.
Beton, nice to have you back. Your arguments are, as usual, considered and correct. Arguing with short posters is like spitting into the wind. Keep getting the word out to those without an alterior agenda. I've been getting a little lonesome here.
While I agree with you that posting doesn't have much, if any, impact on pps, I do believe an educated shareholder can be persuaded to "not sell" based on short manipulation of pps. Can't stop the shorts from bringing it down, but you can influence people with sound arguments not to sell to those manipulating the pps.
Sp333 is a more stable form of the molecule. Therefore, it breaks down more slowly and works more effectively in the lower GI tract. It also appears to have powerful anti-inflammatory properties. Hence its application for UC. UC would be much more valuable than OIC, for which it has already tested positively and successfully for. UC alone could add 1 billion to our market cap. Still needs to be proven for UC though. That's next. But it starts with a phase 1b. Also, like Plecanititde, it isn't made by gene splicing e-coli so it doesn't cause travelers diarrhea, which is the problem with IRWD's drug in any form or dosage.
Shorts need selling events to cover here. They are overextended. They can HFT some, but they need selling. Post phase iii, is a selling event. IMO they will try to "magnify it" as a selling event.
As for short fear, they fear only buyout. Who knows how much time they have.
In the meantime, there seems to be no stopping Momo traders who insist on selling to these guys on the swing. Shorts are in for phase three and beyond.
It's going to be like a game of musical chairs here. Everyone will swing with the Sharks until the music stops,then everyone will look for a chair,...but there won't be one there for everyone. Dance to the music or grab yourself a chair and hold onto it now. It's your choice
(This part is new). Trader 388 predicted that shorts would average up rather than cover. It seems to be exactly what they're doing. He even predicted this trading range and a bit lower. This was all called long ago by many old longs here who are familiar with the shorts for years here. Buy down here and lower if it goes there. DO NOT SELL! The only thing that no long predicted was just how amazing our phase III data would be. Things are even better than we thought. I know some of you with a basis in the $8's and $9's are hurting right now. But shorts are trying to scare you into selling to them. It's really is that simple and they are very powerful as you can see. I also called the TROV bring down they are currently experiencing. If you're a trapped momo, just go long. You will make money. It's just going to take a few months. A blink of the eye in a lifetime. Don't lock in a loss for gods sake.