NYSEAM:SCPX - Post by User
Post by
TanzaniteMotherLodeon Mar 10, 2020 6:50am
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Post# 30787060
Good update taken from Yahoo chat line
Good update taken from Yahoo chat lineWhy I think Monday will be a good day:
1. There’s a short sale restriction (SSR) Monday
2. It’s a popular stock so there will be good volume with much less shorts occurring
3. The last time there was an SSR activated (3/4), the stock recovered FULLY from a really terrible day the day before
4. The CEO is business/stock savvy. He put out a PR on 3/4 in conjunction with the SR, which helped the stock price to recover. I wouldn’t be surprised if he puts out a PR on Monday as well
5. News outlets might catch onto the fact that what HTBX is working on for coronavirus actually prevents AND treats. It’s basically a vaccine (prevention) and drug (treatment) in one. This is HIGHLY UNIQUE!
6. I think the other vaccine stocks are trading at their current peaks (INO, MRNA, NVAX) and are better candidates for shorting. I think the shorts will play over there.
7. There’s potential for a really nice short squeeze with all of the factors at play
Why I think it will be good short term for the stock— there’s a lot of good news to report:
1. Company could announce officially getting gov’t funding for the coronavirus vaccine
2. The first patient enrolled in HS-110 ComPACT Phase 1 will be given the last dose on Monday (3/9). Phase 1 focused on safety so I wouldn’t be surprised to see an update
3. PTX-35 is awaiting FDA approval and the start of Phase 1. The company stated it expected the FDA to approve in Q2
4. Their biggest drug is HS-110 ImPACT which is in Phase 2 in partnership with Bristol Myers Squibb. Results so far have been extremely positive, and it’s possible Bristol Myers could be a buyout candidate before Phase 2 completes since the results have been so good.
This is based off my own research, and I thought I’d share. I highly recommend you do your own research and not make any crazy decisions based off of comments you see in forums (including mine).
I plan to re-post this on Sunday and on Monday morning. Feel free to share!