Expanding on my theory, barring a plausible alternative being presented here, is how I see the short's main concerns being locking in a profit as the incremental below say the 60 cts level is small,, relative to diminution, to vaporization of it, to possible losses are the outcomes depending on one or more or all of the following materializing in the near future:
1.NWBO will find funding!
2.Ten months and counting on resolving the screening halt possibly due to mfr consistency that is in, hopefully some end stage of resolution.
3.Former FBI Mr. Black's (?) apparently been at it for six months.
4.Down towards the final stages of Ph3 DCVAXL
5.Prelim's and staging for Direct Ph2 beyond just MD Anderson
6.Perhaps finalization with three partners as it relates to Checkpoint Inhibitors
So IMHO the Shorts are playing with FIRE with the OVERTIME.
And WHY the priority in closing out Naked Shorts relates to #3. Why it isn't obvious to one and all at this point in time is beyond me. It would also serve a twin purpose in NOT showing their hand. Once investors see in black & white a decline in short interest, those informed investors will follow with buying as it signals IMHO the short's view that the bottom has been reached and trying for more is realistically asking for trouble as indicated in the first paragraph.
Should the above settle in logically with you, I believe that is what is happening and we are clearly in the early phases of an inflection point to where it becomes the law of diminishing returns for the shorts IMHO.
The above are what readily comes to mind as I need to address low blood sugar levels (slept but 2 hrs!; haven't really eaten except in the last 5 minutes with yogurt w/blueberries and a sliced banana and readying for a first stab at Sichuan Chicken)
