We don't compare to INO. They are being shorted by
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Posted On: 03/13/2020 11:04:40 AM
We don't compare to INO. They are being shorted by the huge short sellers Citron. When INO opened Monday and ran to $19, the market was stopped for 15 minutes due to 7% limit switch. Citron posts a tweet saying that INO claims to have designed a vaccine within 3 hours of the chain being released are false and that trading should be suspended and investigated. So Citron caused their fall and I am sure they are still shorting every spike.
INO had earnings last night that had a larger loss than expected, not much more. However INO will have a big run, IMO in April when they start their first dosing of their DNA coronavirus vaccine. This is why I own 10 call options of the May 15 $7. When they announce they completed their first dose, this will fly IMO and I will cash out my call options.
INO had earnings last night that had a larger loss than expected, not much more. However INO will have a big run, IMO in April when they start their first dosing of their DNA coronavirus vaccine. This is why I own 10 call options of the May 15 $7. When they announce they completed their first dose, this will fly IMO and I will cash out my call options.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.