Yeah, how does a stop order work on a short position anyway? Does it just put in a market order to buy whenever a set pps is reached. Seems like that could get ugly real quick, especially if others have similar stops.
Yeah, really. He's either greedy, stupid, or really doesn't have a position as he claims to. Why would you risk those kind of gains, for what? Another $4/share, versus potentially unlimited losses, like the recent KBIO scenario. And, this could go a lot higher than 20 if its the approval of L and results in a short squeeze for all times. I'll bet we hear how he just got out in time, right before that happened. LOL
I almost got taken out on that climb to $5.19 the other day. Fortunately, I did not.
This is all about setting up rules that protect your investment. That's how you don't get killed. You get out when your "rules" trigger. Period, end of story. You don't hold on for pride or sell for fear. You trade on what makes sense.
And as far as it "opening" at $20, show me a single significant PR that came out from NWBO before 8:15 am on any trading day and I'll reconsider the risk.
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