Jesster, I believe all the proof you need should come from Posner's taking a spoofing suit on contingency against the 7 largest MM's for NWBO. She's one of the top litigators in this field, if it goes to full discovery, and she can expose their action all the way to the present, I'm sure it will show just how hard they're working. I don't know that it will happen, they may settle sooner, or the court may limit how far they can look, but I believe that the more they see, the more they'll be permitted to see. Even if they're not permitted to go beyond what occurred at the time of the NYAS presentation, I believe the award will be substantial.
The point is, the 7 MM's can facilitate naked shorting by clients through derivatives that can't be seen. If those clients are smart they've been closing these positions while the stock's down, but I still believe a large naked position may exist. We should get a substantial squeeze on approval, how high we spike to may be caused by the squeeze, but will largely be dependent on how much media attention we get with the news of the approval.
I honestly don't understand derivatives and other maneuvers the MM's, hedge funds, etc. can facilitate. I wish investing was simply looking for companies that would succeed and investing in them, but investing has gone far beyond that. Hedge fund managers who made billions for their clients by bringing companies down have earned billions of dollars in bonuses themselves based on the money they've made for their clients. In 2008 they virtually brought down the economy and took some of the biggest companies into bankruptcy, the likes of Lehman Bros, WaMu, etc. are no longer with us because of how things were done back then, and most of it's still legal today.
Frankly, if we do hit peaks at $10 or more, I'd be willing to bet that shorts who may have big losses on the approval announcement are right back in their short positions at least for the retrenching that undoubtably will occur after such a peak. I don't know if they'll recover all their losses, but recovering some of it is practically certain. I believe if they're smart they get out on retrenching as more news can bring new highs.
Gary
Bullish