Did MWM accidentally hit MKT instead of Limit with 20k? ;)

I suppose you're right, I was being too critical with my hindsight bias.

From what info is available to me I can't surmise a motivation for him to hurt the price either... But his rate of selling has certainly picked up this week.


The last time he sold 70k shares was Jan 22nd when we were at $24... it certainly makes sense to sell more at a higher price- this didn't raise any flags for me.

When the price dropped back into the 19/20s, so did the volume of Nomis shares sold... down to 10-50k.... this also didn't raise any flags for me

However, to see him sell 70k on a day like today raised a flag for me... What does Nomis know and/or what is the objective in selling this high a volume at such a [relative] discounted price?

(1) Does he think that this is as high as we're going to be for a while so he's going to pull money out before it goes lower?

(2) If he's trying to get to <10% ownership... what's all the rush now? If going under 10% was his on his mind back in January, don't you think he would have sold more at the $20+ level to not only get out earlier but also at a better price?



... It could be as simple as he wanted to pull money out to put into GME and I could be making much ado about nothing... but I don't like to shy away from tough dark questions. I'd rather keep the scary in front of me than to be surprised by it.

EDIT: for the record i'm open to being challenged on my sunday scary thoughts here... so if you have insights to neutralize what i'm saying, please chime in.

EDIT 2: Whoops, False alarm... yeah i got my wires crossed and mixed up the volume/price across the 2 days.

The 77k sold on Monday this week was at $23.2, not in the $19s as i thought when i first saw today's Form 4...

Don't mind me, carry on...

Looks like Nomis wants out fast: Sold 100k over the last two days.

In fact... the 25k shares he sold today line up with SP dive at 3:30p today... Price level and volume match.

Somethings up.

https://www.sec.gov/Archives/edgar/data/1293310/000138713121002802/xslF345X03/form4.xml

All out war for HGEN right now, Level2 & Time/Sales are on fire

Yeah I’m with you, but it seems something this blatantly absurd is not just a F-U for show, but for function as well:

JPM playing this coverage so heavy handedly with guidance like that feels like they’re trying to pull the price down enough to load up with their own interests, outside of anything HGEN was willing to let them in on.

“You won’t let us in? Fine, F-U... we’ll find another way in.”

And their last loading was at the ~$5 level in the PIPE, so they have plenty of buffer to not put that round in risk.

In short: JPM is negging to collect shares that shake loose from the bearish rating after getting snubbed by HGEN for Cantor.

Great insight Abaj, that definitely makes sense.

LOL... Are we sure this guy isn't in charge of sandbags instead money bags?

That's the most conservative take i think i've come across... Dr. Durrant is probably laughing at how extra he went with his negging.

$17 target with an EUA? That doesn't make any sense....

HGEN has made $0 in revenue in the last few years.... so we would be valued less than we are today after securing a source of revenue by taking a product to market?

there's silly and then there's.... c'mon man...

JPM issues a $21 price target to shake the tree given the low float and collect shares around $16-19.... getting discounted shares for their funds while giving a middle finger to Cantor/HGEN for being snubbed in the ATM deal?

I'll buy that.

Cheers friend, appears we're in the same HGEN investor cohort, coming up on our anniversary of purgatory soon.

... I'm definitely one of the people that thought the madness would lessen with the NASDAQ uplisting, hahaha boy was that naive.

It certainly has felt that this has been an oddball but it's nice to have that sentiment somewhat validated by you since you appear to be active in this sector. Appreciate you putting HGEN into context.

Lol, burst of high volume just as you posted this

You have a friend in all of us here on that front ;)

Scooter I want to thank you for making a quality post. Good points made here, this was great buddy.

Keep this up, and good luck to you regardless of the direction you're betting on; I appreciate you making a thorough counterpoint.

Short Interest keeps dropping, down to 2.6 now mid day (2.82 @ yesterday's close)

Price being dragged down to minimize damage to shorts as they close their positions?

Short Interest has steadily dropped these last 2wks.

Currently sitting at 2.82 days
Lowest I've observed was 0.9 days last summer

Seems to be gliding down to settle at the 1yr lows, but it's tough to say exactly since our volume can vary so much from day-to-day (which affects Short Interest).




The fire-suppression system appears to be running out of suppressant!

haha! The theories converge... We both came to the same thought from two vastly different routes, I love it.

Short Interest is ~2.5 days.. I think Thursday will pretty exciting.
(or maybe it waits until Friday to take advantage of weekend to build tension for a Monday breakout)

Great call on this, Don. What variables were you looking at to catch this before today's action?

Inflection Point... Wrestling match today, but feels like a 3 vs 1

Shorts have been decreasing their positions over the last two weeks.

MMs & Heavy-handed Longs are trying to expedite the short-buyback by inflating the SP when the ask is thin to help force the issue.


Battle of attrition here. Shorts just don't have the numbers anymore and it decreases every day as we near the news...

Momentum shifting to Longs now.

Expect to see more selling from Nomis now that there's more buying pressure to lean into.

Haha oh lord, HGEN has a Reddit page now

HGEN general admission seating is about to turn into a gigantic mosh pit clusterf*** ... which, oddly, is exactly what we need right now to break out from the SP suppression.

https://www.reddit.com/r/humanigen

This is about to get interesting.

Short vol & ratio increased in aggregate today, but I hear what you're saying... I can see that being the case with small retail investors (traders), but it's certainly not behind the jump from $19s --> $22

With the front-end loaded volume spike we saw at 11am, my guess is that a new player entered the game.

Goldman Sachs had a position in HGEN years ago before they got out... I think they reopened that position again this morning... I saw them (GSCO, at least) playing fancy on Level II.

HGEN:

https://www.shortvolume.com/

For anyone keeping score, I was wrong this time:

Nomis didn't sell Monday as I was proposing during trading hours that day. Someone else must have been behind that action.

Although.. big pappa did sell once someone dragged us up to the $20 mark on the 2nd, 3rd, 4th.

Apologies CowtownJay for being short with you that afternoon (no pun intended)

https://www.sec.gov/Archives/edgar/data/1293310/000138713121001789/xslF345X03/form4.xml

Looks like Goldman took a position

They’ve got a big block on the Bid at $20.99.... obvi defending the downside at that marker.

Reading the tea leaves, I’d say it was them behind the activity this morning.

GSCO

Come on man we've seen this plenty of times before, nothing special with today...

Just the last 2 weeks:

Jan 19th - Open $18.9 - High 20.7 - close 20.6

Jan 27th - Open $17.9 - High 20.2 - close 18.5


Same daily chart line... and saw a Form 4 from Nomis selling on both days.

Fingers off the trigger ...patience... cooler heads prevail, let's not turn into the CYDY crowd.

haha JOIN THE CLUB brother... HGEN is absolutely infuriating, trust me i feel your pain and frustration.

I just wanted to call that out so we keep our lanes clear and the story straight.


Headline notes:

1. Someone(s) are keeping us in purgatory (MMs? Shorts? BioTech frenemies?)

2. Some MMs/funds (maybe in concert with Nomis?) are exploiting this purgatory on speculatory news/conditions by trigging temporary rallies to flip/sell before purgatory gatekeepers drag us back down (today is a great example of that, we'll be dropping back down soon)

3. Spoiler Alert - Lenz is every bit the hero therapeutic the data shows that it is... only when this is realized by EUA/POs will we reach our well deserved $100+ value .... in the meantime, we should grab pillows to scream into instead of getting our hopes up on every single uptick or bit of news.

Nomis isn't the one keeping us down.

Looks like Nomis has sold 3x today, averaging right around $19 so far as of 1pm.

By my eye:

1st ~10k @ ~$18.67 @ 11:12a
2nd ~10k @ ~$19.05 @ 12:01p
3rd 10k @ 19.25 @ 12:47p (This one i'm sure about, the 1st two not so much)

EDGX is manipulating this to rally again today.

(Makes a heavy size Ask, ie. 71, then removes.)

Keep an eye out for Nomis selling into this.

HGEN... It's fun to be seen, but note the caption for the picture says this is just a list of stocks that he and his viewers turn to the 8ball to for advice on how it's going to preform...

Let's not run and assume that this is some sort of divine list of the reddit underground that guarantees our destiny to perform exactly like GME.... but this is was a nice tickle for sure.

Market Makers throwing some signals on Time/Sales at this $18.10-.16 level... bunch of trades with a size of 7... let's see if it turns out to have any real significance.

There's a prevailing belief from a growing number of posters on this board that the share price has a linear 1:1 relationship with the value of the product (Lenz), which is FAR TOO SIMPLISTIC.

Any time there's a SP rally or crumb of news, people on this board RUSH to:

(1) try and explain the SP climb by inferring there's some clinical or commercialization progress (ie. EUA, enrollment #s, etc) that has yet to be published

or

(2) offer that the news that just broke is going to be the piece of the puzzle that finally helps gain traction for the SP to climb to whatever price target they're eyeing.


... Now, again, for the 100th time, I bought the majority of my shares pre split around between $0.87-$0.95 before averaging up a a little, and I HAVE NOT SOLD OR SHORTED a single share.... I say this to illustrate my confidence in HGEN before continuing to my next point...

the point that i'm trying to make, is that there is a 2nd variable that influences share price fluctuation that isn't being captured with the same veracity as clinical value on this board, and that variable is Market Maker/ Large investor stock price manipulation.

Everyone is trying to explain the day-to-day share price of HGEN with the efficacy of Lenz, or it's viability in the market, or the likelihood of an EUA, and that's too reductionist.

HGEN is undoubtedly going to rocket past $100 in due time, I believed that in June 2020 and have even more conviction for that sentiment today. HOWEVER, I'm getting sick and tired of the mindless circle jerking of people trying to explain the share price solely via clinical value.

People have to understand that UNTIL HGEN crosses the finish line with Lenz (ie. receiving EUA w/ national stockpile POs received etc) there is a 2nd arm that is artificially influencing the share price.

ie. Nomis bay ratcheting up the share price last week and earlier this week to sell shares... that rally was NOT DRIVEN by EUA approval, but rather by Nomis and the partner MM exploiting the potential for EUA.... and the inability for people to grasp or value that concept on here is perplexing.

So, Abaj, to answer your question directly... 1 present reality that the board in general turned a blind eye to was Tuesday's trading.

----
Tue 1/19 - 1:20pm - HGEN @ $20.30 ... Share price drops drastically to 19.62 before creeping back up subtly.

Tue 1/19 - 1:40-2:20pm - high volume trading between $19.71 - $19.99 ... I believed (and still do) that this was the time that Nomis Bay was executing their trades for the day. During the day I told myself "I bet one of Nomis' trades will be listed at $19.80"..... as it turns out, the Form 4 for Nomis' trade that day showed up as $19.81
----

I bring that up because time/sales is realtime tangible evidence that justifies daily price action, especially when it's validated by a Form 4 the same day... but that reality is being overlooked while people like MWM on this board are scouring old Remdesivir clinical trials, or twitter, or Jerry on stocktwits for anecdotal warm fuzzies to reassure themselves.

Again, to the people who think i'm being critical of HGEN, or that i'm a non believer, let me again reassure you that that's not the case... we're all in agreement that HGEN is going to succeed and fly above $100, and I AM AMONGST YOU in that belief... but the urge to try and correlate every day's price action to lenz's clinical and commercial development is juvenile and frankly absurd. there are many factors influencing our price here, i just want that to be recognized so that not every dip/rally triggers some mad dash to find a way to construe clinical reports/updates to justify it. there can be multiple factors influencing price here guys, it's not just just 1 thing despite the singular clinical/commercial development the board seems to be fixated on these days.

If sky is falling hyperbole is what you're getting from me, you're not comprehending what i'm saying.

Not really. Balanced perspective >>> shallow validation.

I'm confident with my independent analysis, so I came to this board to find contrarian views to test my hypothesis/theories.

...which is not really possible here anymore when everyone just doubles down on speculative hype while turning a blind eye to the present reality and facts therein.

It's no use... For the most part, this place has now just become a place for nervous traders and frail investors to come console themselves with a circle jerk of ignorantly hyped speculation from random articles, Jerry @ Stocktwits quotes, Twitter & facebook posts from nobodies, and partially informed EUA/FDA/OWS/NIH/Study parameters/procedures to reassure themselves enough stay in the game with HGEN. They have weak constitutions and need validation, which the pumpers here are feasting on with all their flipping (over and over and over again).

The majority of people posting here this week don't have the mental grit or fortitude to reconcile their speculations against reality, it's all or nothing to them which is a reckless and painstaking way to live, *especially* with HGEN in your portfolio.... They're just making themselves out to be fools now in my eyes.

Be positive and optimistic, absolutely... but don't be a simpleton about it, THINK CRITICALLY.... otherwise you're playing RIGHT into the trap the MMs are setting for you while they serve their whale clients.

I'm talking into the wind though. Wasn't going to post this but I felt it was worth it to let lurkers that still think with a balanced head on their shoulders know that there are still some disciplined investors here, such as yourself PITrader87, and that it's not just pumping traders.

;) told you guys



https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161023456

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161025519

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161026997

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161020281

A pattern I've observed with HGEN is that whenever a potential milestone or critical inflection point nears (think NASDAQ uplisting, Study Progress, EUA/NIH, etc) there's a slew of volume and activity that rallies, and everyone (myself included) assumes it's because someone knows something and that "the big news" is finally just about to break.

Only for Dr. Durrant to step in and ground us in reality with another interview/conference that douses cold water on the speculation leading up to it by clarifying the timeline which is far more prolonged than anyone had anticipated by the speculative hype from the rally.

Ultimate result is the heavy hands that triggered the faux rally traded at higher prices (whether it's Nomis or flippers or shorters) while we settle back to the prices before the speculative rally.

In short (in today's case), I think Trial Completion as you mentioned is just another potential milestone that's being exploited and milked by those with enough influence to manipulate the share price.

I wouldn't be the least bit surprised to see this back down to $18 by the end of the week after they're done pulling some money out.

Today’s run is based more around SP manipulation to sell at more favorable levels than it is material company news.

They’re not totally mutually exclusive, but let’s not extrapolate today’s action and surmise that there’s been some significant inside progress on EUA/Study progress/etc that will break later this week...

This is just me pumping the breaks as the realist (though I remain as positive and optimistic as ever, let’s just not fool ourselves)

Good day for flippers though if you’re into that sort of thing. I’m white knuckling my shares so I’ll just watch from the side with a drink.

I'm sure he's the one selling into this. Same playbook as early December. should see a Form 4 today for shares sold late last week.

If today's Nomis sold shares dont show up in Today's Form 4 there'll be another one that shows today's selling later this week (probably Thursday).

hahahahaha, my gif brother is back!

Someone is posturing to make this run like it did early Dec. (EDGX on level2)

I'm sure he was selling earlier this week too.

Being approached by and APPROACHING other companies

Mexico considering Lenz as 1 of 5 other therapies to use.

exciting opportunities