RE:RE:SHORTS COVERED
tomchoco wrote: What do you think an announcement of Phase 2 will do to the stock price? Other than the fact that we trade on a terrible exchange where the price can be manipulated easily and some sort of funding will be needed(money at present is small), I would still be hard pressed to play this stock from the short side. Investors have seen what a big announcement can do to a biotech and shorts can be blown out of the water.I was an option trader for many years on a regional stock exchange and traded biotechs and pharms.. Always protected myself by using call options to hedge my short bet if I decided to take a short position. Hopefully one day TLT will be located on a major exchange and investors can employ thise strategies for maximum profit potential.
TLT seems to have money.. 3 to 4.5M from what we can see. They'd have to issue another short form prospectus to finance no?
From my experience, commencement of PH2 would normally be a typical venture sell on news situation for us,,,,, small action, look good, then the venture vermin would turn over shares for their 20% and kill the momentum. There isn't enough capital infused on the venture,, for many good reasons, to overcome these traders. There is one exception now which is there will be a full pump from frustys crew to take it as high as possible so they can execute the .54 warrants and make money. Your average joe isn't shorting this company so maybe it's their clan... shorts are all covered now,, maybe now they let it run.
Who knows what other announcements are lined up and what potency they will have. This year could finally be different. I think we're at a spot where a new level over a dollar has to be coming regardless of manipulations.