BFRI is also trending on social media for obvious reasons. THIS IS A REAL SQUEEZE.
The next gift
$Cortexyme (CRTX.US)$ is a company who has an alzheimers drug (Atuzaginstat/ COR388) that shows 57% reduction in mental decline! That is a huge improvement!!! So why did it fall 80%? A perfect storm actually. In the same study that showed the effectiveness they also failed to meet an endpoint and the market took it as a complete loss (which it clearly wasn't) adding to the drop was an overall selloff in all biotech. At that time short sellers saw the opportunity and shorted it to oblivion. Now its rebounding and those that shorted it overdid it and are trapped. Just like BFRI, CRTX is gaining popularity and momentum on social media and is #2 on the short squeeze list (BFRI #1) the short sellers are putting out all kinds of fud which means they're desperate. This is going to push up and has a gap to fill up to 57 with maybe a stop around 25
Here are the same indicators as above but altogether plus the added RSI (Relative Strength Index) the horizontal line along the bottom of the RSI chart is an oversold marker (meaning it should reverse and go up) when the RSI gets to the top line that is overbought.
Highlyfavoured : This is so exciting! BFRI is moving towards 20?! CRTX is good to enter at closing price? Thank you!
iamiam OP Highlyfavoured : yes CRTX at this bottom price is great, I expect it to climb significantly in premarket. we'll see Monday:)
上了贼船888 : Happy Saint's Day
Highlyfavoured iamiam OP :
闷声发财 : Merry Christmas everyone!
Kcler : What price to enter for BFRI and CRTX for long term investment ?
iamiam OP Kcler : that's a tough question because of all the attention they're getting, it could be crazy.
102235596 iamiam OP : Any thoughts on lgvn? I’ve been bagholding and am really worried about the price movement lately, when there’s been talks of a major squeeze coming up. @iamiam
iamiam OP : My traditional Christmas dinner had this fortune.
iamiam OP 102235596 : I don't usually comment on stocks I dont own, but I have everything on so I put about an hour into it and heres what i came up with. It looks like it's on a short to medium term uptrend, but an overall downtrend it will reverse but you'll need to monitor it to see how strong the rebound will be. I don't know what your cost average is but I hope this helps.
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