GREY:ICOTF - Post by User
Post by
DrHolidayon Jun 14, 2018 5:11pm
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Post# 28174679
Sellers beware of news!
Sellers beware of news!If you've shorted millions of shares at very low prices, then you must ask yourself just how much you are prepared to lose if you don't cover the position by offsetting the short with corresponding buy orders. If you fail to do this before the big news is released by ICO then there is no limiting your losses when the stock rockets into the stratosphere. At 50 cents, your short uncovered would yield roughly 10 fold losses, and then when you are forced to cover, your short covering would force the stock even higher than that.
So do us a favor, and don't cover until the news is out, then you will be forced to cover and change your soiled shorts because when big institutional buy orders kick in from buyside analyst reccomendations, ICO will go parabolic. The international marketing rights to Oral B Amphotericin are another bullish catalyst from distributors that want ICO to produce and supply as per each contract. I believe the cost of Oral B Amphotericin will be significantly lower than the injectable dose and garner a huge share of the existing market which is many billions per year. Seller beware.