There always seems to be one during the holidays, and this year it is KBIO. They are pushing this stock through $40 as I type, making for another cool +100% in a day. $MCUR has the mojo as well.
I have no desire to touch KBIO here, but it never ceases to amaze me.
+10,000% in 6 days. There are a select few very silly people who are now likely extraordinarily wealthier than they were a week ago.
— SPEERO (@SPEEROTHEKID) November 23, 2015
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KBIO… Where else could a 3% short position result in total loss in just under a week?
Marty….. this guy is more powerful than Oprah in stock pumping.
indeed.
Stuff like this makes me want to quit. The company is liquidating and the stock has traded its entire float 4 times by. 2 pm. I feel like I live in bizzaroworld.
RC should have seen this coming. Maybe too busy eating at Popeyes chicken? I count on you bro. This could have been my retirement. Glad I didn’t short. What a nightmare.
I guess Schkreli ain’t such an A$$hat after all.
He’s still an asshat. Just wealthier on paper at the moment.
Very small float; 4.1M shares. I’ve looked at shorting it, but on top of the microfloat, IB’s fee is now >200% – that’s more than 1/2% per day to short the stock. Not to mention that you just don’t know when the price is going to collapse. It will eventually but it’s become too risky to even place a small short especially with the astronomical holding costs.
Starting on the 16th there is a significant change in price and volume action, a full 3 trading days prior to the announcement someone started accumulating. Unreal.
What’s over/under on days to SEC investigation?
There won’t be one. He’s made some nice gifts to Clinton via the DSCC this year. Look up his contribution in July at http://www.FEC.gov