Replies to post #3533 on Bio Path Holdings Inc (BPTH)

[wordlender]

It was in April 2015. The stock was in a downtrend and hitting about $1.25. They announced the orphan drug designation and about 6 mil shares pushed the stock over $2.00 in one day. I think the shorts then beat back down to the $1.00. That shows that the stock can move 50-60% in one day on good news. If the shorts were out of the way, then that rise could have continued.

Let's hope next time the it continues.