Is that what you people resort to? He exercised his employee options and had to sell for tax purposes, and the rest it appears was sold to buy the stock at $5.9 and around $3. You do realize he needs money to buy the stock at the strike price. So in fact the guy owns a load of stock now as the options came to expiration. Good try though, made me look at the sec website. The guy is long the stock through the nose.
I think it will go higher in a year, because every time there is a short attack like this, the original shorts get wiped out around $50, then the thing will drop sub $10. The timing and reasoning of the shorts is way off. What happens is more retail idiot shorts join in, and they replace each other through a long series of squeezes. Realistically for the short interest to drop, you need real sellers to sell, and when there are so many shorts that replace each other, it takes a while to top out. So yes, $30 is coming too.
Should hit $17 at some point. I don't know if next week, but there is no downside risk until jan. And there was no repricing of risk, you have to remember that they ran a bear raid from around $12 to $6, and the "doubling" was just the bear raid being over, so the panel approval should be worth a lot more then a few points from around $12. It should be at least a few points higher.
He sounds insane, you act insane. How much are you down already? You were short before the panel, probably before the recovery from the bear raid. How many of underwater shorts who added into the gap do you think are out there? I think there are many more. You will maybe add one more time around $17, but then if it goes higher, you will blow out, and so do your retail short bros. What do you think will happen to the stock? The shorts should have let this played out, now it's more abuse coming your way.
The shorts are back in. That's the news. You people are predictably stupid. Buy every stock with heavy retail short presence. You'll be covering much higher.
Exactly. And that is why its going over $17 short term. Too many stupid doubling down shorts. The stock sells off every gap up because shorts come in and add.