Shorters are trying to control the price.
Here's what's going on, shorters are not trying to buy back in on the last couple days prices. So they are now trying to purchase stocks in high quantity at current prices (waiting for a little dip) and selling when it rises a bit in huge amounts. This makes other people panic, so they sell their stocks when they should be holding. The price falls lower, low enough for them to buy back all those stocks that they shorted, they are going to take a loss but every cent the stock goes down, they save a lot of money.
To bad for them the stock is showing a lot of pressure to move up. I see it going to .80 very soon. Any positive news from the company will make this stock explode to .90 even test $1
Like i said before, it is crazy how this stock still has such a low price with a market cap over 70mil and 1 drug already FDA approved. Also, in early Feb. FDA information is coming in for another one of their drugs, which i expect will be the catalyst to making this price pop. Also before any FDA announcement, stocks generally move up in anticipation alone.
Im very bull on Bpax and any price dip is a bargain and great opportunity to move in.
Do you agree?
