Speculating is fun, but the risks are real....
posted on
Jun 15, 2017 11:30PM
While I (and others) have been speculating about the pot of gold at the end of the Apabetalone rainbow if they're able to prove benefits to patients with Diabetes, CKD, Alzheimer's and all the rest.....the operative word there is "IF" and it is a big if.
It can be stated with, I believe, equal accuracy....that "IF" they fail even $0.50 cents would probably look good, if sellers could find buyers willing to pay even that much.
I happen to be of the opinion that there are players looking to load up here....and that they're not looking for 10K shares, or even 50K....My opinion is that there are players seeking to establish positions of 100K shares and more, possibly even 1 million or more. There are 50 million odd shares available in the public float....they're owned, they're not sitting on a shelf waiting for someone to take them to the check out. How many of those are in the hands of dumb money retail investors? I don't know....but 10 or 20 million wouldn't surprise me.
The short number current to the end of today's trading will be out next week, by Tuesday after the close I believe.....we shall see where we were sitting...at that point the data will be 3 days old, which as fundamental data goes is about as current as you're gonna find.
Some seem to think that the number will be back down close to 0....I'm not willing to make a prediction myself. I hope that is the case, but I'm not holding my breath....I'll wait for the update.