Tuesday, January 22, 2019 8:43:23 PM
Chris sold a large portion of his NWBO holding to chase the WEYL trade that at one time was being pumped as a company seeking a way to call out the shorts.
I think Chris has been hoping for up to a X5 to X7 play on the theory presented by Weyland. He and many others bought into this when WEYL was trading in the 1.5 to 1.7 range.
With the share price tanking ever since November with no end in sight to the theory bearing fruit, Chris has doubled down with his last sell of 200,000 NWBO shares to purchase about 90,000 WEYL shares.
At this point maybe he is hoping that this trades back to about a $1 so he can get out and buy back into NWBO before March.
To me WEYL is a long shot and the companies tech does not look at all attractive so it may be a short target regardless of any supposed naked position.
WEYL as a trade is 100X riskier than NWBO and all I can do is wish Chris luck on this because after all, we are all into stocks trying to make some money.
JMO.
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