Replies to post #1946 on Humanigen Inc (fka HGENQ)

[CansoSpaceMan]

No rush by the looks of things, wait until the sell-off end of day this will be epic IMHO.

[sprtcrdlui]

Might not be able to Cover if the 1.3 mil share float of KBIO is gone.

[sprtcrdlui]

a GoFundMe to cover the funds that you need for KBIO . Another trader needs to cover the $106,445.56 that he lost shorting KBIO

Maxfield: Yeah I do, I totally do. I totally do.

Lapera: The one person I'm actually talking to. Anyway, so he bought a heap ton of KaloBios stock. So it was on its way out because they basically announced that they had no more money to develop their cancer drugs. And Shkreli was like, "I'll buy you." And this guy Joe Campbell had shorted like everything he had in his investment fund, he'd shorted KaloBios which is $37,000.

So something about shorts which I think a lot of people don't realize is that, when you buy a stock and you go long, you can only lose the amount that you initially invested. But when you short a stock, there's an unlimited amount that you can lose. So even though he shorted the stock with only $37,000 he lost $106,000 I believe.

Maxfield: Yeah I mean shorting is a dangerous exercise.

Lapera: Well especially in biotech. It's such a volatile sector and it's clear, like this guys says "I was fine and then I went to a meeting and I got back and it was down." So it's clear like he wasn't sitting, or he doesn't have a job where he's sitting around like monitoring what's going on in the biotech field. Like he's just a recreational day trader essentially.

Maxfield: A recreational shorter. And like other people who do things recreationally, and I'm not passing judgment one way or the other on anything, you have to do so very carefully.

Lapera: Right, well especially when so much money is at stake, right? And I mean he thought that, I mean there was no way for them to know that Shkreli was going to do this. But I think the thing that really gets me thought is that he started a GoFundMe to cover the funds that he lost. To cover the $106,445.56 that he lost.

Maxfield: Oh my God, I love it. I love it. I need that, we need to start something like that, Gaby. I haven't lost that much money yet, I probably will at some point in my life, but I'd still like to start a GoFundMe account.


http://www.fool.com/investing/general/2015/11/24/industry-focus-financials-11-23-2015.aspx?source=eptadnlnk0000002&utm_source=advfn&utm_medium=cpc&utm_campaign=investorshub