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Re: concapk post# 407962

Monday, 05/01/2023 12:42:58 PM

Monday, May 01, 2023 12:42:58 PM

Post# of 425772

Your chart reflecting yellow area of 55mil, at $.04 four cents produces $2.2 mil profit hardly a windfall..... your Chart and your statement only indicates that a short squeeze could occur down the road.....



No. I indicated the yellow shaded area was absorption and a likely area where shorts were covering as sellers were expecting the 1.28 gap fill hence 55 million shares traded in a narrow .04 range.

as for this,

your statement only indicates that a short squeeze could occur down the road....

,
I have no idea what you mean? The squeeze (D-E) began on Thursday as indicated on the chart.

Finally,

WHY pump negative assumptions of how Sarissa is playing the Short market without any facts to back you up.....


This description by Tatsumaki best answers your question:

Only if his net ownership changes more than 1%. He can buy or sell 4 million shares before triggering that. He can sell 2 million of his $4.40 shares, book the loss and buy back 2 million of $1.3 shares every week and not need a 13D if he wanted. Square up in time for the 13F deadline and report no net change in shares. He can also collect premiums on loaned shares, sold options, etc and book profits off that that lower actual cost basis on his books, but none of that hits the SEC report. Doubtful the guy has been just sitting on his bag since last March when the SP tanked (who's to say he didn't help that himself to stir up shareholder anger to feed his proxy) and not actively traded this through various means to make money. Same games Baker Bros played.



True, I have no facts, only circumstantial evidence which heightens the probability this activity has and is occurring.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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