Post by
canadafan on Jan 06, 2025 3:33pm
Status update, ..could be a fun ride
As of Dec 15, According to market beat, there are 2.4 million shares sold short. An increase of 7% , since last reported period.
Hmmmm why is the price down..,?
Now to have real profits & be ":right" they must buy those shares.
I great book .I read many years ago, ." It's when you sell that counts"
likewise those on the negative side need to cover to complete the deal.
great book BTW. Talked ably T.A. & its alternative relative, " the random walk theory"
ONC SP is very affected by opinions of sucsess of the product.
Afterall, if/ when Pela gets to market, the annual sales of MBc alone is cited as over $2 Billion/ year.
The 7 analysts all have buy recommendations , with a target consensus of $5ps average.
They all apply various risk %% reductions.
Afterall there is doubt , until approved. In business doubt = discount.
Doubt?
in any biotech, there is doubt until approved. & even then some products have been pulled years after approval.
onc spent the last many years de- risking as much as possible.
That was at request of FdA & clinical advisors.
moving forward, the upcoming anal cancer, has already passed safety & moving forward with efficacy we will hear about Jan 25th.
As far as I know , none if the analysts have included any of the potential Pancreatic cancer or anal cancer sales in their estimates, of future income.
They neve4 BtW give estimates of takeover prices, as they must be able to cite thier numbers with known information.
A takeover of Onc is 100% hypothetical & the price would b3 determined based on needs of the aquiring company.
Like I said, we will wake up one day to a hault & announcement.
ill make a lot if money. However gain more joy knowing those shorting & playing silly games, will face some serious..very serious consequences.
BTW, did nitable get kidnapped?
Comment by
Peladawn on Jan 06, 2025 4:07pm
Can't wait for that day, CF.....then we'll see if "the shorters haven't been wrong here yet"....
Comment by
Peladawn on Jan 06, 2025 4:24pm
Mind you, CF,..a majority of those short shares are from naked shorting, and I think they somehow get away without having to cover them, because they're like phantom shares that don't really exist, but they can still use them to drive down the price....does anyone know exactly how that works?....and you're right....where the heck is Notable?!
Comment by
Buckhenry on Jan 06, 2025 4:32pm
I think ole unnoteable sold and moved on. Finally got a dose of realism most likely... lol. NOT!!!
Comment by
canadafan on Jan 06, 2025 4:41pm
Even naked shares have to be covered. actulay worse as they need to buy in open market. since they were never loaned in the first place. i think notable is on his way to the JP Morgan conference. getting ready at least.