Outside of market makers or naked short sellers, or the Long Island fellow who has the converts, it would be near impossible to be short this stock. I'm not short! And to be short a .59 cent stock would be near ridiculous even for market makers or naked shorts except hoping it goes to zero so they never have to pay taxes. As for the guy in Long Island that might be who your really fighting wish you well. If you read his history most companies don't do well.
The stock price tells an awful lot about it. If they were doing so well nobody would be short the stock. Guys have shorted the stock & people have sold long stock because the company's prospects have dimmed. You'd have to be an idiot to short something with great prospects. In this case anyone short has already made their money. If they get approval fine that doesn't equal sales. In the meanwhile they've been around 20 years, and don't make any money, and the stock price reflects that fact.
This thing just makes me think people are pumping it to maintain it's NASDAQ listing & to get out of it themselves. Grow up this stock has been a lot higher and now it's feet are in the burner. P.S. I'm not a short! Just being realistic about it.
Problem is they still can't consistently earn money after being in biz this long & dominating the space. People's patience wears thin. I know mine did awhile ago.
Absolutely! This thing was all over Stock Twits today, and you could smell the pump. It appears the pumping is to get the stock above $1.00 to preserve it's NASDAQ listing which it must meet by August. If it's prospects were so good how is it that the shares are near the low's of the year?
I'm not a basher , and I've just learned of the company. But how did the stock get driven down to the levels it's currently trading for?
Waiting for this M&T deal is ridiculous. The company has held the status quo now for the last 3 years. In the meanwhile it's being run like #$%$. Cancel the deal & find some brand new management to run it.
I posted this on 4/23 after the conference call.
Analyst asks if Phase 3 trial had a lower goal (from 26 to just 25 mercury). CEO said if trial was 25 "We'd be having a different conference call now." I bought stock. They will discuss with FDA in next month or 2. Unfortunately I didn't have the stomach to hold. I'm happy for all who were able to.
TV dropped no problem. Company makes great products so did Cisco. I don't understand the cult like status of this stock. It can't even go down on what was supposed to be a big product the TV that was just dropped. Don't listen to me I'm old, but I encourage reading "Extraordinary Popular Delusions & the Madness of Crowds" . It should be required reading for every investor. Best of Luck.
And, other animals don't? Can you prove that? I just think it's jaded that SEAS gets crucified while all these other places are considered fine.
I don't understand WWE fans are a rabid engaged group. I can't see someone picking up the phone & cancelling service several times a year just to save a few bucks & going through the b.s. If they have it they'll keep it in my opinion.