Edge Therapeutics fka EDGE

[chenzo11]

I still do not believe that institutions and insiders sold after waking up to a 90% drop. It just doesn't make sense. Why salvage 10% and take a 90% loss when you can hold, add more, and wait for an update. If the PPS is still this low at the end of the year, sell and take the loss for tax reasons.

I keep waiting for the 10K to come out with a share dump. Not hoping for it, I'm long, but it wouldn't surprise me. That would explain the volume, and the buying.

Two other things here: There was very little short interest. Etrade has it at less than 4% prior to the drop and I find it hard to believe that there were people who shorted and took the risk after a 90% drop. Unless they knew of a new offering of shares. Thus, no short squeeze.....

And finally. Anyone wonder why there are no posters here who owned the stock in the $15-$17 range? You'd think there would be a few who are pretty ticked off. Hmmmmmmmmm!

Cheers
Chenzo