Unfolding of Post 14939: DARK SEMBLANCE of pre FDA approval of Provenge....
1. Larry Smith is a rare bird and "elder statesman of the defunct Smith Barney: "Research, we do it the old fashion way, we earn your money and your business". I met him for the concluding interview to be hired in the mid '80s. In reading his most recent all encompassing reply that someone furnished, I was graphically reminded how VICIOUS short sellers have always been: when it comes to MONEY just like Jim Cramer's admission they will not stop and will STOOP to the lowest of the low (threats to LS of throwing him out of the business or character assassination via Richard Pearson). Nothing is beyond them since everyone has a price which is how they have influential Drs. deeply involved in clinical trials to illegally give them a glimpse of the final PH3 trial (how SAC avoided losing hundreds of millions of $'s re Elan that was part of a multi-year SEC investigation that is wrapping up). Hedge funds have a major impact on Wall St as they account for a very large % of the daily trading activity and they used to get the first call.
MAKE SURE YOU READ DEEPCAPTUREdotcom.
2. Since I did not want to SCARE this board, I was gentle on my comments concerning illegal naked shorting which deep down I had a growing sense of it ballooning. Now Larry Smith has confirmed it: traders indicate maybe 6-7 million NWBO naked short shares!
3.There would appear to be institutional buying over the last 2 wks!Clearly the character and complexion of how NWBO trades has changed!
4.Possibly unfolding is the IBB index beginning it's second correction after a heady run. Despite the well orchestrated hit by Richard Pearson, NWBO shrs did admirably. NWBO might avoid this 2nd correction IF LP et al issues over the next 6 wks more Direct results or L trial updates as it relates to Germany, UK that meets with investor's favor to begin frying the shorts, maybe a capital raise could be done that would be less dilutive and attract some of the savvy biotech funds like Baker Bros etc.(my first post# 14922: Clearing the Air and Food for Thought)
5.Until the science is sufficiently documented, NWBO and shareholders will be engaging in AN EPIC BATTLE with Hedgies.
6.IF you've come this far, you're a DIEHARD!
