My regards. Looks like we moved one day too early. I bought both as well. Keep your eyes open for CTRV. They've got phase III data on fv100 coming.
No. Stop focusing on Ib trial results. Start focusing on phase III fv100 data. That's what this company is all about. And that's where the value is.
I'm getting in for phase III FV100. No one knows about this company but they will after phase III. Looking for an entry but will wait to see where shorts decide to stop. I'm an Inhibitex guy so I'm very familiar with the molecule. It had the similar outstanding Ib results as the hep b drug just did, but didn't shorten the duration of the outbreak, but did have lower post hepatic syndrome pain by like 35%. The key that everyone seems to be missing is that all the other drugs like it are now GENERIC. The plan is to market this as best in class by a bit, but it's got patent protection. They can charge more for it and it does work marginally better. Watch out, it may get bought after phase III fv 100 data. I intend to swing it. Cashless warrants at $4.25 are a bit of a problem though.
In the meantime stop scaring all the newbies. Most here can barely tell what your about, or "why the stocks going down!" In the meantime, take it down for me so I can re-enter. This is my lucky stock. Bought my phase III position two days before they popped this thing. Sold the whole thing for 120% up in three days. Amazing stock. No float.
Do some research on "short selling." CTRV is being shorted from $6. It will explain everything. Nothing has changed but the price. Good luck to you.
You sound like a nice guy. Let me give you a little help. First, this company is about fv100 not hep b. The hep b news was actually not that strong. They company dumped the news to pump the stock up from $2 to about $4 to get their cash raised at $3. Shorts and bad swing traders took it up to $6 where they promptly, and I do mean promptly, shorted it right back down to $2, right where it all started. If you are holding with a $2 basis, your fine. Shorts may take it down some more, but $2 is still good.
You are holding for phase III fv100 data, maybe in March. You tell me the date. If successful the stock will run big time. $10 is possible if the data is great. Remember there is no float here, so small volume moves this in big ways.
So the hold is until 1st quarter next year for a swing here. Sell predata if you're afraid of the results, but if they're good you miss out on a huge run.
Remember, fv100 is the drug here. Keep your eye on the ball! GLTA.
I'm a long, long time SGYP long. Always follow Cerrone, and in this case that means TROV. When I saw the extent of short damage here, I just had to buy a position at $5. Carnage everywhere. Love TROV's science, but with its low float, it's terribly easy to short. Not pretending to be long until buyout, but it should mean something that I think it's so low that it presents and excellent 10k swing opportunity. I'm not sure you even need news here to get to $7.25 by Christmas. If it's any consolation, SGYP's short problem is even worse. But they let it run further here. They have us on a very tight leash at SGYP. These are the times to buy -- when there's retail blood in the streets, and it's all caused by shorts. Want to stop the slide, then get off your butts and buy some shares. Don't let them scare you! TROV,....the "Little Train That Could." When the IBB starts to really turn, MM's will start to cover. This should be selling at $8+.
Haven't bought shares here in a while, but I added today too. Just one of those days when things were so ridiculously out of whack that I felt compelled to buy. Comforting to know you were buying today too. A large part of my purchase at the bottom was filled in 100 shares lots. You know your bottom fishing when you get a pages long string of 100 share fills. That how I know they were short shares. Always feel good buying short shares low. Let's see how far they take this. Long until buyout.
Me too. This is a trading position, for my trading account. Holding all of my core position. Picked up Trov here to swing as well. This is a phase III ibsc and nda trade. And Trov never stays below $5 anymore. Hopefully some Christmas money. Possibly a lump of coal now my stocking. Never mind holding SGYP long though. And love Trov, but it's too early for me there to go long. Also am seriously interested in Ctrv for a swing going into fv100 phase III early next year. It has no float and is is selling for about $2. Got to look out for cashless warrants there though.
Trader, as always, thanks for the post. When we hit 30mm short, I was surprised, and it's hard to surprise me on the short side. I've noticed exactly what you're talking about with the IBB trading. I switched to two screens to track them both simultaneously. The algorithm is working exactly as you describe. Keep thinking VRX is setting the tone for them. It's the bad news they need to help make these trades work. Never quite know what role the MM's are playing in the trading, but when everything starts getting trashed, I know it's not a couple of hedg funds shorting SGYP. My best.
This is the time to buy. Couldn't resist these depressed prices. This is ridiculous and won't hold. VRX was responsible for this today I feel.
Thanks for saying it all again. I'm not posting now because there is nothing to say but for what you have just said. I keep thinking that these guys know that the big market is sketchy and they don't want to let us run above $6.50 in case the IBB tanks. But who knows right now. It's all channel trading by shorts, momo's and day traders. And these guys don't even give you a channel with trading. I'd rather swing anything but SGYP. Reason? Thy simply won't let the stock run here. Went up $4 in three days at CTRV on baby news. Can't hold $6.50 here with two brilliant phase iii's. This is a buy the bear raids and hold stock. Funny, short posters can't believe many longs here have positions of over a hundred thousand shares in th $3's. That's what you get when you buy the raids and hold. Soon to be double digits. GLTA.
Let me be at my prophetic best: I predict more of the same of what's been going on until something changes. Can I call it or what. GLTA.
Short bashers. Very annoying. Had some funny thoughts about them recently. First, they never seem to have any interest in talking to other shorts. I'm a long and I love hearing from other articulate longs. But shorts seem to want to know nothing about what other shorts are thinking. Is there some secret message board where they talk to each other like real people. I guess talking about how you intend to manipulate a stock with your HFT platform tomorrow isn't really something you can talk about.
Second, they always pick some silly persona to post under. i don't think I've ever seen a deep-think short post by someone who seemed to be a real person. They're always "larger than life" and lie relentlessly. What's with that?
Finally, they spend all their time trying to talk to longs -- that select group of people who despise them. And irrespective of what board they're on or what stock they're bashing, they all post with a single purpose, to somehow induce you to sell your shares. I don't short, but I've begun to wonder that if I were ever to go short, would I suddenly take on some strange persona, and start posting bashing rubbish on everyone's else's message
boards? They are Borg. They are all tied into the great "hive" mind. Glta.
As shorts have pointed out, there was a window of buyout right after our phase III trials. When that window passed, they knew we were going longer and started working on a new short. Next buyout window I believe opens after IBSC and NDA. If not then, then later in the year. We will not go it alone. Doubt we will partner based on the bonus incentives. I agree with those who say $12 if we are forced to sell low, $15+ if we're wanted. More if a bidding war. The positioning of buyout is a slow dance. IBSC results will stun us all I suspect. We have great anti-bloating and pain reduction data already for phase II. If we can keep the diarrhea down like CIC, we will rock the space. GLTA.
Thank you Mark. But, like the Flash Boys, all you talk about is front-running. The real problem with HFT is their ability to "manipulate" the price of small float companies shares illegally. Front running by a nanosecond isn't even illegal.
I've come to understand that shorts betting a stock will go down is not our problem here. Our problem is that we have a low float and and short quants with an HFT platform. They drive the price up and down at will. If shorts couldn't manipulate the pps here they would probably not even short it. They have no thesis here but for the ability to manipulate our stock with their HFT platform. This brings in momo and day traders and turns our stock into a circus. The problem is not shorts, it's their HFT trading that kills us. Take away their HFT platform and 90% of the short interest here would dissipate in a few weeks. Reinstitution of the uptick rule would go a long way here too.
The few writing about HFT trading are right, but they only scratch the surface when they talk about front-running. Apple doesn't need to worry about being HFT'd down every day. They have a big float. We need to worry about every day for years on end. It's all crooked and something needs to be done about it. Yeah, it's illegal. So what! With dark pools it's almost impossible to prove. Tax all trades one cent. That would kill them.
Patience, we'll eventually win because of the drug. But they have an unfair advantage, THEYRE CROOKS WITH AND HFT PLATFORM! GLTA.
Guys, it's looking to me like they bought our old convertible debt from an old note-holder. Wonder what price they negotiated for it. As for shares changing hands, it doesn't appear that the purchased notes have been converted.
Just one more person betting on buyout in a big way. Just my thoughts.
Short interest is two weeks back as you know. Someone on stocktwits mentioned that we were up 20% since then and these new shares could already have been covered. I think it may be true. But Shorts are not getting many shares in this range anymore. If shorts hadn't just cleaned out the range to $5.20 recently, I'd think they were going to take it down. But someone already picked up all the stop losses all the way down there. If the IBB could keep its head up, it might be too expensive bring in it back down there for them. Wish I was a fly on the wall at short headquarters. Can you imagine how much money you could make swinging this! It would be like shooting ducks in a pond. And then you realize how it must feel for them trading with no volume here. Question: Is having inside access to short trading strategies "insider trading?" Probably not. Since they never get caught, you would never get caught for shadowing them. Maybe people should stop getting inside information from companies and go to the "dark side," and steal information from short hedgies. Besides, since everything they're doing is illegal, even if you got caught by the hedge fund, they would never want it to go public and draw attention to their own illegal activity. I guess that's when they call Tony Soprano and he pays you a visit. Intriguing idea.