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Re: Bored Lawyer post# 154226

Friday, 01/19/2018 2:39:02 PM

Friday, January 19, 2018 2:39:02 PM

Post# of 699530
I think quite the opposite as you do BL. I think the convo with Les is probably the most indicative evidence we have, namely that there is nothing major due until the article is published and it's not going to be for another few weeks. The other tea reading is a bit removed from any really direct evidence of anything big going on this weekend and next week. I have a lot of confidence in my substantial long bet here, but I think it's best to be very patient. I've learned the hard way not to have early expectations for the stuff to hit the fan in a good way. In general, it's usually best to just let the positive stuff come to light when it's gonna come, better to risk anything positive be a very nice surprise that to risk over-anticipating ending in disappointment.

I think the shorts have been trading this run up as a fools false hope, hence their hitting it maybe to stop the run-up or maybe to dump any inventory before the stock collapses in disappointment (as they incorrectly believe will happen). They have been hitting it in the expectation that the recent gains will collapse if the ASM doesn't bring dynamite good news, which they don't believe will ever come. I think it's still just a bit early, but otoh I'm pretty sure that the stock isn't going to collapse in disappointment because I think the recent gains are based on much more solid reasons than anticipation related to the ASM and Florida conference. We may need to wait for more solid news to push above 0.40 but I don't believe the rally will be rejected even if the ASM and conf early next week don't bring any dynamite news. What may be revealed is some interesting info about their strategic direction that has been sorely lacking. I'm not holding my breath but that sort of info would be very helpful to me should they take this opportunity to discuss frankly what they are planning wrt the end of the trial, without saying anything very concrete about the blinded results and of course nothing concrete about unblinded results since I believe they are still blinded.
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