You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Dndn?
- Thread starter UnFoRGiVeN
- Start date
Quote from flytiger:
Quote from ByLoSellHi:
Okay - this will be the play of the year, possibly.
Short covering is swamping this today.
And we now have competing research notes, with some saying this med won't be approved, and others saying it not only will, but that it represents a 'cancer treatment breakthrough.'
There's literally no middle ground.
Who will be right?
I know you grew up on Grahm/Dodd, but, it just doesn't matter in the short term. The mechanics of this overwhelm every other possible consideration. See how, 1 or 2 oclock play out, and then the last half hour. That'll tell you who is on the hook.
I hate biotechs. lmao.
Seriously.
Quote from tommymoose:
DNDN has over 30% of their shares shorted :eek:
I think its safe to say $10 is easily reachable and who knows what kind of short-squeeze action we'll see.
I've heard estimates in the high teens, so $10 is being conservative. I'm looking forward to trying to game the range which should be pretty big.
In naked shorts, it could be 100 or 200 percent of their shares shorted. The kick is, to squeeze them which is really next to impossible to do. This is amazing.
The reason why biotechs suck is, they need to go to the well so often, and it's always equity. Wall St. cannot fathom that a drug that stops melanoma may be more important than that new Bentley, so they scam the deals. Now, they've got their balls in a vice. But they won't quit, so pay attentionl.
Quote from flytiger:
In naked shorts, it could be 100 or 200 percent of their shares shorted. The kick is, to squeeze them which is really next to impossible to do. This is amazing.
The reason why biotechs suck is, they need to go to the well so often, and it's always equity. Wall St. cannot fathom that a drug that stops melanoma may be more important than that new Bentley, so they scam the deals. Now, they've got their balls in a vice. But they won't quit, so pay attentionl.
The volume is over 1000% normal for today. Class is in session.
Edit: watch the ECNs and see who's clearing the big blocks. I haven't been following the stock before Monday, but if the short interest is massively naked, and I'm talking XXX-naked, then people _will_ hang as examples.
Serious question -
Did anyone but this in premarket trading, and if so, for how much?
Did anyone but this in premarket trading, and if so, for how much?