The MM look at the options with the highest open interest and by closing at or near then PPS they render those options worthless. That's where manipulation has entered into this market. A small interest in a $4 strike will not mandate as much manipulation as a huge open interest in the $3 price. Also remember that for it to go to $4, it puts the shorts in more pain. They are trying to keep the price down, not let it ride higher.
You really have no clue do you? Look where we are now. Right down @ $3 which is where it will stay until the close. With Nov. options also showing $3 for now, that means another flat month. With that said, that's why the prediction down to $2.50 first. Just watch and I will be letting you know when I am right!
I do not own OREX anymore. I sold out last week to buy something else. Will get back in at $2.
The stock has been flat since 11:00 and is a sign that the buyers have dried up. Look for the sell off to $1.50 starting around 3:45 or so. it will be quick and painful for those chasing it up today. Patience people.
It will end up $3 today because of the large option interest but it will drop early next week once everything calms down. Don't chase it I'm telling you. Get I on the way down, not on the way up!
Huge open interest at $3 just posted today. Not there earlier, hmmm. Looks like they will run it up to $3 to neutralize the options and then short it back down next week. Shorts will stop at nothing to create a market that's not there and to add shares that are not available.
Nothing strategic about it. I want shares, I want them cheap and a lot of them. That's my goal. Willing to ride the IC tide until a major announcement is made.
You invest for different reasons than I do. I invest to get a quick return and then move on. You seem to want to be this "long" investor hoping no pleading for a BO some day. Keep looking for that squeeze, it will get here some day. Out of all the stocks that are publically traded, I would bet that less than 1% of them ever experienced a TRUE short Squeeze. The shorts do what they do to make money, not to get squeezed. Everyone thinks that their stock is the next one to get squeezed and that their stock is the next "blockbuster". Keep thinking that way, maybe you will be right, but I doubt it. Look at how high this stock was before all the news we know about now. Doesn't it seem strange that KERX is so low after achieving so much in the last 2 years? I'm not because I've learned how to play the market!
This time on similar news, not so high. Seth's bearing in this stock is carrying lees and less value. They needed to get the stock back up to the next lower high to keep the down trend in line. Just look at the charts and you will see what I am referring to.
Take a look at his last buy in. It was several dollars ago at a much higher price. This will be a one day pop and then back down after options. Don't get fooled again!