Lightwave Logic Inc (LWLG)

[paul_dirac]

I recently read this comment. Is this all correct?
Do we still have to 'fear' the shorters (on the short-term)?

A couple well versed option-trading friends of mine also posted this recently about r/LWLG:

"... the reason excitement has increased a lot over the last week is because the shorts can no longer sell 250,000 per day short. There are no shares available and the CTB has skyrocketed to 60+.

What investors need to focus upon is the tremendous progress the company has made and the new timeline guidance given at the ASM. In addition, we have seen excellent results from initial production coming out of two foundries rather than our Denver lab. A few refinements and we are across the goal line!

This is why shorting 9 million shares at a pace of 250,000 per day every day since the ASM ONLY dropped the stock from $8 to $6. The shorts were thinking they could knock it down to $1.50. They tried, but failed. That is the cause for increased excitement. The shorts failed to meet their goal and have begun unwinding their positions. The stock has bottomed FOREVER! In my opinion, we will stair-step our way to new highs by year end and there will be one or two days where the stock rises by $5 on 10 million shares."

To which another answered:

"Um 26 Million shares at $8.75 is $227,500,000 annual interest 78%, divide that by 365 days

$632,289 per day. But only the retail short guys just learning the game are getting scalped."

Source: https://www.reddit.com/r/Shortsqueeze/comments/vxds1m/comment/ifvhfbp/?utm_source=share&utm_medium=web2x&context=3