Thursday, February 01, 2024 7:51:01 PM
The collaboration you speak of is exactly what you need to instantly bring the price up to a higher buyout level. Anything is theoretically possible but extracting max value before a buyout almost always takes some time and Linda said this at an ASM years ago.
The upper trend baseline sits above $12 and as I said, I believe we can be there by the end of Q3 if not before. So does a buyout now at $12 (~23X) seem better than a collaboration at a percentage of shares at $12 or other equivalent and buyout later? What is happening now is what happens in biotech and Sojourner55 showed the chart and I also warned that this is what the bears can often do during quiet periods like this before an approval decision. It’s their last best opportunity and ends in major reversals for stocks expected to get positive news. What I didn’t know is if longs would start making a significant defense near $.55 or just let the price drop. With 45,000 longs buying an average of 2000 shares a month at these levels until approval the daily volume would be more than completely covered. So where is the support?
Longs are demonstrating that they are worn out and tapped out which is exactly where the manipulators want them. What happens to the price between now and approval should be considered just part of getting to greener pastures after approval because of how manipulation and dilution are being worked hand in hand. In the mean time longs need to figure out how they are going to finish by either just waiting or proactively buying because that is exactly what traders and manipulators will be doing at some point when they finally decide to cover shorts and take long positions which is when there will be a radical turn around that I told you could happen apparently out of the blue as manipulators switch their bets in anticipation of approval which then gets pushed on the message boards and emotional buying comes back into the picture.
Just because I have seen this stuff play out before does not mean I can control how it plays out. I can only control how I act on it or react to it which is what I try to get other longs to understand who haven’t been through all of this before. Let’s finish strong!; ). Best wishes.
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