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Brokers can only lend shares for shorting if you have a Margin Account... Don't believe it has anything to do with the status of the shares (whether they're on limit orders etc.)
That's always been my understanding and a quick google just confirmed, but if times have changed i'm open to be schooled on it (links to legit sources would be great).
Just transferred a chunk from a 401(k) ETF into the Self-Designated Brokerage to put into HGEN tomorrow...
Fully prepared for the SP to skyrocket before i can execute though.... That's the kind of misery that is very much on brand for HGEN.
Are you watching Level II right now?
ARCA is all over the place on the ASK trying to stretch this out.
Durrant’s “straight as an arrow” M.O. is what’s been exploited by shorts these last 2 weeks, perhaps much longer even.
While the conservative & realistic timelines are great for boosting the confidence of investors (since he has a reputation now of hitting every mark he sets, when he says he’ll hit it).... It appears that it may have unfortunately been to the detriment of the share price, as it telegraphed the window of opportunity to those that wished to exploit it.
In hindsight it makes sense to me... “Knowing” that the next 2 weeks were a dead period based on Durrant’s timeline, shorts were able to execute their agenda with more confidence...
Had Durrant been known for being a wildcard, or more volatile... i don’t think we would have seen the short attack we did because the shorts would have been weary of the possibility of getting squeezed with PR/EUA news (as many people here were hoping would happen with mid-day release etc)
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As you mentioned Tscott4, I agree that as we near the 3wk mark you’ll see a rebound as everyone (including shorts) is anticipating the successful application filing for EUA.
Short interest/volume declining this week only reaffirms that.
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CC: HGEN Flippers
I strongly suspect you’ll have another opportunity to flip on the spike we get from filing for the EUA and the inevitable pullback from shorts between EUA (1) Filing and (2) Approval
... I don’t have the balls for flipping though so I’ll be here on the sidelines... been sitting on my <$1 shares for far too long to come this far and F*** it up on the eve of what we’ve anticipated for so long
You called this out about 9mo ago...
I appreciated the quiet confidence of the "speak softly carry a big stick" throughout 2020 while everyone else in COVID pharma/biotech was pumping and touting marginal developments...
... but this is just embarrassing; HGEN operating like a beaten & cowering dog in the PR arena.
Really, this is embarrassing.
Hahaha oh my, I can’t tell if this is real or not.... “Asian economy reporter”... “*R*enzilumab”
He's just trying to drown you out - Some people can't handle feeling uncomfortable so they default to ignorance to keep from having to face the scary thoughts.
$30-40 buyout could be real, i wouldn't be surprised but i'd be incredibly disappointed. Maybe that's why Nomis rushed to <10% so he could start unloading shares faster to keep from having too many shares left after a measly climb to $40?
Who knows... I still have my eyes set on $100+ but i've got my head on a swivel to keep tabs on the less favorable scenarios too.
48K at $18-18.24, I called $17-17.50 last week.
Still think we have another dip in us.
“Are we not anticipating BARDA funding? What’s with the cash grab?”
I think they’re doing everything they can to guarantee EUA Approval.
Dr. Durrant has repeatedly cited the FDA’s emphasis on manufacturing capability when granting EUAs... we acknowledged it then but didn’t think much of it... as it turns out now he was foreshadowing/laying the groundwork for things like this funding.
He’s making an air-tight case to get the EUA on his first attempt, showing them that every step has been taken to facilitate manufacturing volume.
Anyone that tries to tell you what's going to happen with HGEN outside of Smart Money would just be talking out their a** at this point... haha but here i go anyway now that my disclaimer is out there:
My thoughts on what might happen, which doubles as a best case scenario especially for you & others trying to average down:
- Price gets dragged to $18.50 over the next 2 days
- [Market closed Friday]
- Monday Morning: JPM has had a chance to review the Lenz trial data, and despite having negged it in public all week, their genuine sentiment is that the data is promising and that they're even more bullish on HGEN now that data is available (risk further minimized)... It's important to remember that JPM facilitated the PIPE last June, they did their due diligence long before a lot of the new comers... product is solid, this is just about financial politics now.
- JPM won't just buy at $18.50 (It's a pissing match amongst these institutions)... they'll drag it down to an average of $17-$17.50, hell, maybe even lower to trigger some new stop losses and load their wagon with less risk than everyone else has had a chance to do over the last year
- Then, with JPM over their tantrum and now invested long in HGEN, rocket takes off on EUA.
HGEN is a kick in the nuts every day, but there's only 1 way this story is really going to end and it's in the green (in my opinion, still... despite feeling like I've taken shots to the nuts nearly every day for 1 year)... It's just about seeing through the BS & having a high pain tolerance to do it over and over again- who can stomach the price action while thinking critically, while also blocking out the ignorant/shallow chatter... The people that are freaking out or unsure about yesterday's data must be the kind of people that spook at the sight of their own shadow.
It's my understanding that they can sell at their discretion (in both time and volume)
Top of P.14 of the prospectus:
Exceptional summary, thank you for sharing this.
THEORY: Vol makes me think shorts doubled down and shorted with enough volume when we broke Price target resistance today ($24-28) to make up for losses from shorted positions below $20
70M vol after 4hrs... Indicates heavy flipping today, right?
(Seeing as to how there are only 55M shares outstanding)
25M Vol in 1hr.
Just waiting for Meg Tirell to highlight the data update and give us the namedrop for the afterburner.
Volumes Increasing w/ Price Increase
Accelerating rally!
$33 now!
It can reopen at any price... this will be interesting!
trading halted!
"Real world study here with fat people"
LOL, this has got to be exactly what Cantor/JP Morgan/Roth jotted down in their meeting notes as well.
hahaha
Data Release Conference Call lobby now open
https://78449.themediaframe.com/dataconf/productusers/hmg/mediaframe/44119/indexl.html
WOOHOO!
Could be shorts trying to ratchet up the price for cheap to make room for a plunge back to the 12s when the bell opens... but I don’t care, their days are numbered now, their shenanigans will be over on data.
Premarket is DANCING right now.
NSDQ, EDGX, ARCA all taking turns at the top of the bid/ask.
[Cant sleep, and checking ToS in anticipation of the week ahead probably wasn’t the best move to get me to doze off... SO EXCITED!]
Username checks out
Biggest technical indicator that HGEN is about to rally is that CYDY posters are trickling back into the board.
Directly proportional and a tried & true strength indicator for HGEN.
MMs prob need to make room for some more shorts.
There's still time on the clock for the week, and we're climbing with no real buying pressure/volume... It's a cheap climb
I anticipate another drop before Friday's close.
Knew it wasn't our guy!
As high as $14.35 w/ 327 shares actually (not showing up on some charts though for whatever reason)
That's too low, Big Boys got in at that range, they'll put up a wall to defend before it dips that far.
I'd say $9.75 should be your re-entry if you're trying to play it conservatively for your 2nd round with HGEN.
Like clockwork, brother.
Good eye though, we've got their number ;)