CVM; Breakout from bear pennant, prime for liftoff
Disclaimer
General disclaimer here.
Short but sweet, we have sustained breakout from the bear pennant, we have a dwindling short pool (460k as of today borrowable from Fidelity, down from ~600k on Monday).
Less kick in the shorts, and they have until the 20th of this month to sustain the price channel and try to get it under 7.5.
Meanwhile, more and more groups are buying up shares in small amounts, likely on the back of bigger entities buying up, as State Street increased their position on the drop from $25.
We are only a few weeks away from a catalyst with the pre-BLA meeting, pushed by more and more FDA breakthrough news.
This is a great time to look for an entry on shares.
If you buy options, a good rule I use is 90-10. Only use 10% of funds on the options, that way if they go south, you are still likely to end up green on the overall trade.
With that said, we have no ceiling as the drop from 26 was abberative manipulation, we have a gamma squeeze lining up from $9 and into the $20s. Theoretical M&A prices are obscenely high, even conservative values at $5 billion would give this a x15 multiple.
Have fun y'all, always be safe, and please do your own research to verify. And always ask questions!
whalewisdom.com/stock/cvm
General disclaimer here.
Short but sweet, we have sustained breakout from the bear pennant, we have a dwindling short pool (460k as of today borrowable from Fidelity, down from ~600k on Monday).
Less kick in the shorts, and they have until the 20th of this month to sustain the price channel and try to get it under 7.5.
Meanwhile, more and more groups are buying up shares in small amounts, likely on the back of bigger entities buying up, as State Street increased their position on the drop from $25.
We are only a few weeks away from a catalyst with the pre-BLA meeting, pushed by more and more FDA breakthrough news.
This is a great time to look for an entry on shares.
If you buy options, a good rule I use is 90-10. Only use 10% of funds on the options, that way if they go south, you are still likely to end up green on the overall trade.
With that said, we have no ceiling as the drop from 26 was abberative manipulation, we have a gamma squeeze lining up from $9 and into the $20s. Theoretical M&A prices are obscenely high, even conservative values at $5 billion would give this a x15 multiple.
Have fun y'all, always be safe, and please do your own research to verify. And always ask questions!
whalewisdom.com/stock/cvm
