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jimmy667

02/16/20 12:09 PM

#2531 RE: Madw77 #2529

If you are ok with holding it after it goes back to $2 or below in the next week or two and want to hold for long term for the possible approval then ok. If you want to cut your risk in biotech where you can easily lose all then sell the rips and buy the rips to manage your money.. If you sell some at $4 you might be able to buy twice that at $2 very soon. Rarely ever has just about any stock had a 56% gain in one day ever unless it was bought out. 86 million shares is three times the outstanding shares.
The stock sale was just to pay the rent because they were flat broke. They sold 900k shares only for 0.25! Next one will be 10 -20 million at $2 or below. I will look to invest AFTER the stock sale when they have enough cash. Right now they are broke.
The Bio I am investing in is AGRX. They just got approval for their drug after hours Fri 2-14 and a $35 million interest only loan so WILL NOT need to do a secondary offering. It might drop a little Tuesday but gain the rest of the week. HFT Algos are at work there too. GNPX has Sabby Management Warrant investment thieves.
There is a high likelyhood GNPX is the Pump Stage of a HFT pump and dump.
Dirty little secret: These hedge funds get word of the fresh offering before it is made public then the short the piss out of the stock then cover with the offering shares. The reason this is legal is the SEC feels they need to advertise before hand to qualifed funds to be able to raise money. So retail actually funds the company with huge losses from their accounts.