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Friday, December 02, 2022 12:54:30 PM
We have been in a situation since yesterday, where shorts are working overtime to keep price down. I would imagine a few of the MM's are buying shares to lend out at higher levels. They are charging up to 17% for shorts to borrow the shares. Why would they have raised the cost of borrowing? Simply because they can. I understand that if you call your broker and ask what interest rate you can get, they will tell you a number in the single digits, but that is not the cost to the people wanting to borrow the shares. The fact that they are able to lend out shares at this rate, seems to suggest that these shorts are desperate, that they are getting close to being over leveraged and also that they are hoping the borrowing will be short term. You can see that using OTCN is the tool for the shorts. They have been the lowest ask for 99% of the time since yesterday. Every time they take a breather, the stock moves up. Let's see how much ammunition they have and how much they are willing to burn. It's definitely going to be an interesting afternoon.
The fact that the 7 MM's have been put on notice about their spoofing doesn't mean they won't trade in the stock. Their algo's are still working overtime to make money trading the stock. They will likely not assist the shorts in the bear raid as they have done previously.
In regard to yesterdays question about a Merck and NWBO deal, I want to make it clear that I don't think a deal has been signed. I think a framework of a deal has been made, depending on the success of the Merck sponsored combination trial result.
I spoke to two Apes yesterday and they said that they are working to get NWBO on the Apes radar. It will take time. As for the Robinhood problem, they seem to think the majority moved out of Robinhood after the GME debacle and are likely with bigger brokers now. They seemed really pleased by NWBO's lawsuit as they understand that it was the driver behind yesterday and todays upward movement in AMC. They also said that the whole Ape system is not as centralized as people might think and that NWBO interest would hopefully grow over time.
I hate to say it, but I am pleased we didn't get MIA news this week. We have been able to use the lawsuit and the support that have garnered to start the move. I hope we get the news Wed or Thur next week. That will give the lawsuit a little runway by itself and hopefully we will learn something from Dr. Liau's webinar on Monday. It will also get the Apes some time to get on the NWBO bandwagon, just in time for the MIA. I know this is wish thinking, but one always have the right to be hopeful.
Thanks for the support shown yesterday in regard to my 1 post limit. I had way too many violations, with most of them being off topic. I should have stopped linking to posts on other boards that implied the reason for posters on this board. For that I am guilty.
Enjoy the weekend.
Recent NWBO News
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