Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Big buys still being broken down by the market makers and you see them execute at the exact same second.
Looks like they’re desperate to keep the price low!
Thing is this could be a GME kind of squeeze - because there’s more shares shorted than there are shares that can be bought to cover those short shares.
It is acknowledged that GME has more shares in open short positions than the whole of the outstanding share count. So for that reason we keep seeing short squeezes in GME since the Gamma squeeze the very first time.
The there’s every possibility that we could see the same kind of thing happening here.
This is all theorising but it could happen.
Strong W forming on the chart.
Arcadian Asset Management bought 996,000 shares yesterday!
Scroll down. The date of the purchase is on the left. On the right hand side is the link to the Edgar/SEC filing.
https://www.marketbeat.com/stocks/NASDAQ/TTOO/institutional-ownership/
T2 Biosystems to Attend Upcoming Investor Conferences
https://www.otcmarkets.com/stock/TTOO/news/story?e&id=2590205
LEXINGTON, Mass., July 28, 2023 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, today announced plans to participate in two upcoming investor conferences in August 2023:
Canaccord Genuity Annual Growth Conference in Boston, Massachusetts. Management is scheduled to host a fireside chat on Wednesday, August 9, 2023, at 1:00pm ET.
Sidoti Micro-Cap Conference, virtual participation. Management is scheduled to present on Wednesday, August 16, 2023, at 10:00am ET.
Interested parties may access live and recorded webcasts of the presentations on the “Investors” section of the Company’s website at www.t2biosystems.com.
About T2 Biosystems:
T2 Biosystems, a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, is dedicated to improving patient care and reducing the cost of care by helping clinicians effectively treat patients faster than ever before. T2 Biosystems’ products include the T2Dx® Instrument, the T2Bacteria® Panel, the T2Candida® Panel, the T2Resistance® Panel, and the T2SARS-CoV-2™ Panel and are powered by the proprietary T2 Magnetic Resonance (T2MR®) technology. T2 Biosystems has an active pipeline of future products, including the T2Biothreat™ Panel, the Candida auris test, and T2Lyme™ Panel, as well as next-generation products for the detection of bacterial and fungal pathogens and associated antimicrobial resistance markers. For more information, please visit www.t2biosystems.com.
Investor Contact:
Philip Trip Taylor, Gilmartin Group
philip@gilmartinIR.com 415-937-5406
https://www.globenewswire.com/newsroom/ti?nf=ODg4MjU2OSM1NzE0MjYxIzIwMDU4NDQ=
https://ml.globenewswire.com/media/ZTZhN2FiY2EtODY0ZS00NTkzLTk2ODMtOTU2N2I3Njc2ZTFmLTEwMTc0MTc=/tiny/T2-Biosystems-Inc-.png
Source: T2 Biosystems, Inc.
© 2023 GlobeNewswire, Inc.
When I see approval on anything from the FDA, I first think to myself - what is the potential market size for this to break into.
The thing with this test is that a lot more tests will be used as part of the diagnostic testing process when people are admitted to hospital. The other reason is that the results come back so much more quickly.
So the sales potential, I personally believe quite possibly is in the hundreds of millions all around the world!
So millions more tests will be sold and used as part of that initial diagnostic process because the results come back so much faster - to rule out that type of infection!
Everyone should do their own due diligence I’m holding and happy to be here!
Can’t read the Stock Twits board because people are posting new posts too quickly! Lol
47,855 followers over there and the whales are from the far East. As one of them has commented several times - words to the effect of “we are from the Far East and you know what we like to do with share prices”
That’s almost exactly what he said in a post the other day.
He says some shorts will be out of a job by next week. While it’s been consolidating and cooling off the last few days a lot of investors all over the world have been adding to their holdings.
I’m just relaxing and watching the fun! I might go off and finish a book I started a while back! Lol
Are you from the Reddit crew then? I’ve not or don’t remember seeing your screen name in my travels around this website.
Wow so my theories were correct. If the rise is sustained and substantial enough we will see shorts accounts getting wiped out completely because their brokers will close out the trade slap them with huge losses, give them a margin call then withhold the proceeds of any outstanding debt incurred from the uncovered short sale.
I can actually see that happening here!
Too funny. It’s the summer holidays. The longs are locked and loaded for the long haul and out and about enjoying the summer sun waiting for upcoming catalysts to hit one by one.
Anyone posting FUD against a company who’s products will save lives doesn’t need to worry about looking at themselves in the mirror when they are standing in front of one! Why! Because the Devil has no reflection!
A quick question for everyone as I’ve never shorted a stock ever nor will.
If you have an open short that you have not covered, if the short becomes substantially loss making, can your broker close out the trade without asking you?
Another quick question - can an uncovered short that is going up instead of down sustain unlimited losses if the trade is going against the account holder and that’s why possibly, some brokers reserve the right to close out a short that is loss making?
It would make sense because if the loss is very substantial and the value of the short traders account, if liquidated would not cover the loss.
It is my understanding that eventually the broker themselves would become liable to cover those losses when the trade was settled.
If so, when news comes out we might see something like that happening.
I would not be surprised to see more 13g filings hit over the next few days with buys that size going through.
I saw at least two huge buys into the close.
Possibly 3 but the third one appears in black on the tape so I can’t be sure.
One buy for 154,000 and two others at 4pm EST for 194,000. That’s not retail loading that’s institutional buying.
He’s a bear take a look at his posting history
They should put out another PR in the morning with everything discussed in the conference call. I’m presuming that they already have something in the works ready for tomorrow as these are all material events.
Excellent call. Will only bring in more buyers and give existing holders the confidence to add to their positions.
Apparently there’s a very fine distinction between FDA Cleared and FDA Approved.
Here’s an extract from the website below:
“But the terminology you use does in fact matter. FDA has provided definitive guidance that the terms Clearance, Approval, and Granted each have their own unique meaning for a medical device regulatory submission route.”
Here’s a link explaining the difference.
https://www.greenlight.guru/blog/fda-clearance-approval-granted
Speculation of a buyout by Qiagen. Apparently that company’s CEO Thierry Bernard has been on the board for T2 Biosystems for several years.
Looks like the company would be a very good fit. The speculation about a possible buyout by Qiagen was that they were waiting to see if T2 Bio’s tests actually worked.
As all of them seem to work it looks like there’s some plausibility to the connection. As they say it’s a matter of joining the dots. Until anything is confirmed by either company all of this is unsubstantiated.
I like the chances more and more when I read certain posts over there on StockTwits.
Back over 30c already. Too strong to hold this one down. By the way folks, the earnings are not going to be fantastic. What everyone is waiting for is the after hours conference call with the CEO.
Congrats my friend you are always on the money. Wish I had the right trading equipment to follow you at the moment.
Here’s another simple reason why it’s running. When there’s very low volume in the market traders who are active will gravitate to a smaller number of quality plays with major catalysts coming up.
Morning!
Textbook trading pattern. Move higher, churn consolidate , up to the next level , churn, consolidate and so on and so on.
Market makers are putting through small orders in tiny amounts at the exact same second so’s not to push the price up.
This consolidation pre market is setting up the chart very nicely. Now it’s formed a strong base since open as it churns in a very tight range.
When a lot more brokers come online at 7am EST including Canadians the price will break 30 c. Europe and the Far East has already been adding to their holdings.
There’s two of ihubs worst flippers on this board. That’s what the bad smell is!
Best to check someone’s posting history especially on StockTwits.
They’re trying to scare people into dumping so they can cover their short as cheaply as possible.
Sorry proxy for what!
According to Twitter they have weekend trading and the stock price is already over 30 cents.
Precisely they’re not holding for a quick flip.
Some people never do any research of their own. They just let their lil ole scanner find what’s running, tweet other people’s research let them run up the stock and flip rinse repeat rinse repeat.
The reason they don’t leave here is because they paid for their followers on Twitter and know that they are all fake. When I called them out on it they blocked me.
Further addendum . Lock up your shares good till canceled with a very high sell level . Just remember another reason why market makers will be swinging the price around violently is because they are stop loss hunting.
Not only are they trying to take out stop losses at a fixed price but also from trailing stop losses. The market makers can see your stop losses on the system because they are placed electronically.
Time to give shorty and the market makers a nervous breakdown on Monday!
The people declaring their holdings this morning were from all over the world.
Addendum to this post for new folks. The fact that a large percentage of the shares is locked up is why you see large swings in the share price upwards and downwards.
Also, that is why you will see the spread vary at different times of the day - it depends on how much inventory the market makers are holding at any one time.
Yes because people are doing their own research and liking what they see and loading up. This stock has attracted a completely different type of investor from what I’ve seen on StockTwits.
Either professional investors with trading accounts in the millions so that they can and have loaded substantial holdings, have no intention of selling any time soon and can wait and see how this plays out.
The other type of investor that’s quietly loaded up is the professional who works during the week, has a very high paying job and can also afford to hold for as long as it takes to see a substantial move.
How do I know this? Well, those declaring very large holdings as referred to in my earlier post also have much better English which you can see clearly in the quality of their English. That’s not being arrogant, that’s analysing the diction syntax and grammar of posts on StockTwits today compared with the last few days.
Oh, finally I read over there that the people who’ve bought millions are from the far east and the post I read was hinting strongly that - you know what investors from the far East can do with a company’s share price if they want to.
Everyone should do their own research. All the above is just my thoughts on what I’ve seen on StockTwits today and it’s also interesting to note that I’ve yet to see one negative post over there today!
TTOO Now has 46,686 followers on StockTwits! If you follow the thread from this morning I’d say that a sizeable proportion of the float is locked up and being held for way higher.
There’s a few people who hold millions (apart from the ones I mentioned last night) and a very large number who hold several hundred thousand shares each.
None of them have even posted on StockTwits during the week until this morning!
The founder of this company also founded Moderna and we all know what that one did during lockdown! It peaked at $400 a share during lockdown. Saying that, I appreciate that the share structure of both companies has changed over their product life cycle. But still the potential is clearly there for a significant re-rating of the stock on FDA Approval.
Let’s remember folks the technology is a game changer. Any hospital that uses a five day test for Candida Auris might be subject to lawsuits after this test from T2 gets approved!
Here’s the thing about the test - more tests will be used than people who actually have infections because when people are admitted to hospital, they will run the test as part of the screening process.
One in three people that has a Candida Auris infection dies from it. I can’t help but think that a large part of the reason for that is because of the huge delay in getting the results of existing tests back.
The company also has other tests in development and I would not be surprised if those other tests also significantly shortened the time for results to come back.
When you develop a product like this for one type of infection I’m sure that the team immediately starts looking at the similarities between that virus and at what adaptations need to be made to create a reliable test targeting any number of other infections where speedy diagnosis is time critical.
Another thought, the company very possibly might go it alone and not team up with another because of the $79m grant that they will qualify for on getting FDA approval.
Just my two cents worth!
Exactly as that guy on StockTwits said it would be !
Right now getting a run out of an OTC stock is nigh on impossible. Small caps is where the money is.
Small biotech companies do for a couple of million what big pharma spends billions on. Then they get bought out !
Going to close well into the 30’s in my view.