Lets put today in context:Yes there is a long histroy. So...we are here & now.
At any point & time, the decsion is the same. Buy/Hold or sell.
So what about "today's " information?
1. recent "buy recomendation from a large Wall street form @ $15 ) usd) = $19 CDN
2. premarket price & volume amazing numbers.
3. Traded 10X normal volume today, price spiked. WE know there is an incresed short position. We also know some lost $ today, some gained and some just started.
4. Two weeks ago, there was an institutional "buy" of $3 million. Probaly from the company A.T.M.
What about ONC itself?
1. They are about 10 trading days from year end & Q3 Confernce call.
2. They are in trials with Merck, Pfizer, B.M.S , Roche & Incyte ..all major pahrma
3. They are expecting trial resutls/updates any time now, Some are long over-due.
Those items are all stright up fat boiled out facts.
Now some thoughts: If any one of the trials comes through, the price rating will be well above $20usd++
If a partnership of buy-out happens the price will be ??? above $25 USD minium.
Now: forget the history it means nothing.
What does mean something is the shares you & I hold today, Now..
or are going to buy sometime , or sell.
based on these facts? Buy , Hold or sell?
( there is an alternate , selling some) etc etc.
ANyone shorting right now, is risking a whole bunch of $$$$
The downside?
They need to come out with some very bad news. Even then will still be around $1
Upside "unlimited"