RE:Better than shorting LMNLThat's one way to think of it !.
What I did not mention in my previous posts is that my portfolio this year is up 40% and does include AMZN, MSFT, NVDA, AAPL and many of the well known names (most up more than 100%) as well as a number of lesser known stocks like LMNL
I did accumulate quite a bit of LMNL when it was lingering around $7.50 to $8.50 and have sold most of those the 2 times it spiked , mostly the second time. Sold them as they were going up between US$19 to US$25 (couldnt sell any at $30 as it started to go down after. In hindsight, I wish I had sold more but I had sold enough.
Since then I have been accumulating again (slowly) whenever it dropped below $11 and now more at under $10.
I read you made money shorting it after the second spike. Well I made money when it spiked and hoping it will go back up. Like I said, my time frame for this stock to make its move is on news in 6 to 18 months. Personally, I think the risk now is lower than before TV mainly because TV interest as 85% shareholder is now more aligned with mine as part of the 15% float shareholding. If my shares go to $0 (I will deserve it) then TV shares will go to $0 too which is why I think the risk is lower now than before.
Personally, I still do not understand the reasons for the 2 spikes days (and the volume on those days) nor the reasons for the current low price below USD$11 nor the recent volume of the last couple of days, this week. As an investor, that does unsettle me. I do prefer the shares moving on news (or rumors) up or down but ...
Good luck to all, whatever your decision to invest, buy or sell LMNL (and all your different reasons to do so)