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OH, just go through 8 already and stay there.
Random 4:00 AM thoughts.
Most people on Wall street never heard of Marker (this should change soon).
Most mutual funds and pension funds couldn't buy Marker even if they wanted to because of rules like "it must have a market cap of at least 1 billion dollars" (This will change over time).
If Marker goes to $50 a share, it will STILL have a market cap SMALLER than ALLO (with their years behind Marker pipeline).
Is that a joke or what? $50 … and STILL have a market cap SMALLER than ALLO.
Marker would have to go up to $70 JUST to equal ALLO market cap.
No, there is nothing wrong with this picture.
Can someone tell me why ATNM keeps going down? Has good news, goes down.
I know bone marrow transplant patients are not the biggest market in the world, but with 90% and 100% success in last data, it goes down?
Is buying MRKR before July 20 pancreatic data "smart money"?
Does anybody think that buying MRKR before the July 20 data on pancreatic cancer would be a savvy investment? (before it triples?)
This is getting so crazy cheap I'm surprised some pharma doesn't buy them for their pipeline and awe tech.
I don't think so, I don't think it matters what account the buys are in and what account the shorts are in, the prices are the prices.
I may be wrong though.
I hope so, I'd love to close above $8 tomorrow and then just keep climbing till July 20.
Thank You Phantom, I have been kind of obsessing over this why no short covering issue and I keep coming back to what you said and Occam's razor.
When you start eliminating the most "unreasonable" explanations, when you get down to the simplest explanation, it is usually the correct answer.
If the theory (of shorts/warrants) is correct (for the most part), then that info/insight actually helps my short term trading because it alleviates/reduces two "threats" I always face.
If I buy low (let's say $7), and it up to 7.40, it is always, do I
take the sure profit now, or do I wait and hope it goes higher, BUT,
if I wait, I have the threat of shorts jumping in and knocking it down
(before I can take my profit).
OK, so let's say I sold at 7.40 and now want to buy back cheaper. It
goes down to 7.10. I have the same problem. Do I buy now at 7.10, or
wait for 7.00, but if I wait I have the threat of shorts covering and
driving it up before I can buy back.
If I don't have to worry about EITHER of those threats because the
shorts are just locked up and just sitting, it makes short term
trading much less stressful, so THANKS.
Phantom, SORRY, I just realized the word "previous" was a bad choice as there are many "previous".
I meant post #26844 , can you read that and let me know if that is correct. THANKS
Phantom, Would be please read my previous post and let me know if it makes sense and if it is what you were saying. THANKS
Hi AntiMarv, I think we are all correct when we say that the shorts are out of ammo/powder/influence.
And we all say that based on what we know is a fact, that there are almost NO more shares available to short. Out of 4 1/2 million, a couple hundred thousand is almost none.
BUT, it may even be better than that.
I keep thing about something. Right now, there SHOULD be millions of shares available. When MOST of the 4 1/2 were under $7, and we go from $5 to $8, they SHOULD HAVE covered (and unless re-shorted, should be available).
BUT THAT'S OK, WE WIN, no shares available to short = Good For Us.
I've been thinking about what Phantom said, it makes sense because it is FREE + GUARANTEED money for them, and WOULD explain why there has not been massive short covering.
I am Mr. X... OK, I buy into a stock for $10 and I am given warrants for $10.
I let the price rise to $12 and then I take my quick profits.
BUT now what do I do? ALL I can do is hope the price keeps going up so I can make even more $ on my warrants.
BUT, what if I didn't want to "HOPE"?
What if I wanted a GUANANTEED profit in the future? Even if it will be a much smaller profit, it will be guaranteed.
I short the stock at the same $12 I sold it for.
If it goes up to $20, I will make a lot on my warrants, but I will lose some of it back on my shorts.
I make $10 on my warrants, and I lose $8 on my short.
I cover my shorts with my warrants and I make $2 per share.
IF it bombs and goes down to $2?
I make $10 on my shorts and I don't exercise my warrants. I buy to cover at $2 and take my $.
AND … THAT WOULD explain, why shorts HAVE NOT COVERED.
I think?
Come On Now, Tomorrow, Close Above $8.
Phantom had the only answer that explains ALL the craziness.
Because NONE - NONE of this makes sense.
To go from $5 to $8 (when most of the shorts were after Jan 1st and under $7) with NO major short covering is nuts.
You would think that most would have covered and thereby a TON of shares would be available to short.
A large part of the shorters may be the FREE warrant owners who can cover with their warrants.
And what happened in the last couple of days - makes NO sense at all.
AFTER Russell inclusion, AFTER July 20 announcement, AFTER it goes above $8, AFTER everybody knows it's going higher … it goes down to almost $7 ??? and now back up.
What on earth what yesterdays sellers THINKING.
Don't get the down move unless it's momentum guys bailing. I took advantage and bought another 5000 shares.
3 days left this week. A doable goal.
Have an intraday high above $8.50 (doesn't have to stay there).
End the week above $8.
Next week, 4th of July fireworks.
Everybody stay safe and keep all your fingers because you're going to need them to count all your profits after the real fireworks on July 20th.
I think Phantom may have had a large part of the answer. Investors who have warrants are using short positions to hedge. May not be a giant short squeeze because they can cover their shorts with warrants as opposed to buying on the open market to cover, but that's OK, MRKR still going to 50.
Yep, just checked, about 4.4 million short. I think Phantom had a large part of the answer. Institutions who have warrants are using short positions to hedge. May not be a giant short squeeze, but that's OK, MRKR still going to 50.
I saw the aftermarket price drop to $7.51.
I checked and there were only 27 shares traded at that time,
so just for yucks I put in an after market order for a few thousand shares at 7.51 too.
It's actually (slowly) getting filled, 500 went through and 5 minutes later another 700.
I'll also put in a before market order at a 7.5? price.
A real quick follow up, someone playing games, they put in a 200 share order to change the bid to 7.52 … OK, changed mine to 7.53.
Yeah, I own 9 bio's, 8 were down today. Plus, after Thur + Fri, today's volume sucked, wanted much higher.
It's just hang on and roll with it until July 20.
Just want it to keep creeping up slowly till then.
Lost money today, but it was good.
Today was the 6th day in a row going back to June 17th where we had a higher low for the day. Yesterday 7.30, today 7.58.
If we keep hitting higher lows, the higher highs will follow.
Just read your post a few more times.
IF, IF the investment thinking of Armistice + CDK etc. is:
We are not going for the long term big money, we are going after the guaranteed shorter term smaller amount of money because we were given free warrants, then that makes sense (to them) also, I guess?
Well, not only does that make sense but it would also help explain why the total number of shorts still out there isn't going down like you would think they would.
I said, what YOU said makes sense, I don't think it makes sense as an investment or trade.
You buy a stock at 5 that's going to 50, so you SELL it at 5 and short it hoping it goes down but it's ok because your hedged with warrants.
HELL, just KEEP it and let it go to 50 and then cash in you're warrants and make a ton more.
If me or you were given warrants, there's no way in hell we would have done that.
I am sure that as the price rises, there will be new shorts placed at higher prices.
I actually hope so, because whenever panic there is now in the short term, just wait until the new short position panic on Monday July 22nd, after the news and press conference.
Thanks AntiMarv, keep us informed of any major change up or down.
If it's a plenary session presentation, then that just makes it all that much better.
If we get a little pullback, I'll buy a little more.
If we get a big pullback, I'll buy a lot more.
Going to be an interesting month.
Status going forward: Friday was OK, was good, but not the total short squeeze capitulation that I was hoping for.
We had very good volume, 2.6 million shares (needed about 5+ for real
squeeze), but how many were to cover?
On June 25th we get the latest short report for period ending June 18th.
On June 18th, we still should have had 2 1/2 to 3 million shares
shorted (I think closer to 3).
Since the 18th, another 1 to 1 1/2 should have covered (or lose money
if not hedged).
I'm sure some of those shorts were/are hedged or protected using
options, but going into Monday morning, we should still have 1 1/2 to
2 million shares (maybe more) that still have to buy to cover.
Options or not, one way or the other, those shares have to be bought to cover.
We had a semi short squeeze Friday, to really get the job done we need
to follow with semi squeeze Monday and Tuesday.
Another about 2 million shares Monday ending with a higher low.
And another about 2 million shares Tuesday ending with a higher low.
Just keep stair stepping up with higher and higher lows.
As long as we keep getting higher lows, the higher highs will follow.
We all KNOW what is going to happen on July 20th.
ABSOLUTELY NO COMPANY with an ounce of a brain would release BAD NEWS
on the 20th and then hold a press conference the NEXT DAY to discuss
the BAD NEWS AGAIN.
On July 22nd, $22.728 would be a nice round number (?).
If it's going there, even now, $8 is cheap, $10 is cheap.
If you got extra cash, don't wait for some large pullback, this coming
week is going to look cheap a month from now.
Are there going to be pullbacks (profit taking and/or new shorts)
between now and July 20th?
You betcha.
Are those pullbacks going to present short term trading opportunities?
I will leave that up to you.
I do think that AFTER July 20th, any short term trading opportunities
are going to be less frequent because those who buy then, after the
news is out, they will be buying to hold longer term (like mutual
funds) because they know the real run over the next couple of years
will have just started as more and more trials data is released.
GOOD LUCK
Very Interesting and Positive "technical analysis" video below:
https://claytrader.com/stock_chart/MRKR/?utm_source=social&utm_medium=ihub&utm_campaign=chart
I mentioned MRKR a month ago. LOOK where it is now. JUST STARTING.
I mentioned MRKR a month ago. LOOK where it is now. JUST STARTING.
I just hope it continues as planned.
This is what we (owners of TPIV for YEARS before MRKR) have been waiting for.
Keep doing today.
I want to look every day and see the green arrow with the price of a new car next to it.
"he did say that if they hold that position into Q3 they will be burned."
GREAT AND MORE GREAT.
I just posted, I want tomorrow to be called Short Squeeze Friday.
In 24 hours, I hope to be calling tomorrow:
SHORT SQUEEZE FRIDAY
they fire their few remaining measly rounds in the morning:
and then the DELUGE.
I want to buy a surfboard and ride their tears through the streets.
HA HA
Closed at $7, it was a fight at the end but $7 won.
That is more than excellent for our position going forward day after day.
NOW, I KNOW, I'm a pain in the ass with this shorting stuff … BUT,
there are things we KNOW from tracking them.
Out of a total of 4 1/2 million shorts (roughly),
1 mil were at OVER $7,
3 mil were between $7 + $6.
1/2 mil were below $6.
We can also (somewhat) track if covered buys are re-shorted at a higher price by the amount of shares available to be borrowed to short.
What do we know:
The 1/2 mil that were below $6 were covered and replaced at about $6.50 (and they either AGAIN covered today or they are screwed and losing $)
The 3 MILLION that were short between $7 + $6 … ALL … have NOT BEEN covered.
We know that just from the volume for the last few days.
If you added all the recent volume, you'd get to the 3 mil shares, BUT that would imply that ALL recent BUYS were to cover and that NO ONE bought for the sake of buying and you KNOW that that is NOT true with the Russell 3000 inclusion and pending news.
SO, it looks like only about 1 mil or maybe 1 1/2 mil, out of 3 mil were covered.
SO, what does that mean, right now, today, closing at $7???
There are STILL 1 1/2 to 2 million shares shorted that are losing $?
Is that possible?
PLUS, there are STILL the 1 million that were shorted ABOVE $7 (close to losing money)
Whatever the number, THEY ARE OUT OF AMMUNITION, there are not millions of shares available to short … and there are STILL millions to be covered.
WE HOLD ALL THE AMMUNITION NOW, WE HOLD ALL THE CARDS NOW.
The cards say $7.50 - $8.00 - $8.50 to me.
Phantom may have been right, we could be pushing a 1 Billion market cap by end of 2019.
25 minutes to go - BUY NOW - your eyes are getting heavy - BUY NOW - your getting sleepy - BUY NOW - your very relaxed - BUY NOW
(hope that works)
COME ON BUYERS: We Hit $6.95. LET'S push through $7. Let's have another great upward push in the last 20 minutes like yesterday. Let's get to about 1 million shares traded today. Let's cement the pattern of higher highs and higher lows. The light at the end of the tunnel is July 20th, all can see the light now.
The entire purpose of the stock market is twofold.
#1, To give companies the ability to raise the money they need to operate.
#2, To give investors the opportunity to benefit from their profits.
Short selling accomplishes neither of those.
It's just like buying a new car.
If you want to buy a new Ford car, you buy it.
But if you want to buy a new Buick instead of a Ford, you don't bet against Ford to hurt it by driving it's price down.
It is an artificial means to manipulate and lower a stock price.
If a company sucks, the price should go down because owners bail out and sell, as should happen, not due to artificial pressure.
I am in a contest to see who has the nicest blown up balloon.
Is it fair to have a bunch of people with nails going around the contest and randomly popping balloons before the contest is completed?
That doesn't sound fair to me.
Free markets work based on supply and demand, ACTUAL supply and demand.
Not supply, demand, and artificially created lack of demand.
Just a comment: We are all on the same team.
Nobodies perfect or will do all things perfectly.
I'm a great example of that.
The house on fire is a good analogy. I also wish it was illegal. If they want to bet against a stock, do it with options.
I think shorts falsely manipulate the stock price to the detriment of owners who believe.
Good Close in the last 20 minutes of today, on light volume.
Keep It Up, with heavy volume, Thur. and Fri. and next week.
Creep that price up, force more short covering, solidify the trend of higher highs, and higher lows.
Off to the races.