RE:Stock PsychologySeeing the recovery the past few days on no new "news"
Other than the revised investor presentation, brings abou some questions.
Seeing the very large volume, berings other questions.
We know there is/was a high short volume the past few weeks.
Could be as simple as a good old short squeeze.
Hoever, I hear there are some decent volume blocks.
Meaning larger scale investors.
We we do know the offering a month ago, was with an "institutional investor"
They dont usually loose $$$ . they are now above their "buy price" . Not yet at their warrents price.
Lots of room to grow.
Assuming the up-coming 90days reaches the discussed "agreement" for phase 3, the upside is in multiples.
Not a few dimes here or there.
A phase 3 pharma is worth a lot more than what ONC is trading at.