There are those of you who would call me late in this KBIO epic short squeeze and that's okay. I'm not some guy risking his farm to make millions. I've already gotten my millions. I'm just a simple guy making some money from whatever moves in the market.
Friday presented a great opportunity to finally jump in on this stock because of what Shkreli did - not leding out his shares anymore. That sparked an epic short squeeze that started in the pre-market session (shaded area). The lack of volume follow-through during the day could be attributed to people out due to Black Friday. Monday will be more epic.
In any case, you only need to go to my Twitter Page to see how much I made. It's by no means as epic as the other twitter twats making $10K or $30K on this but for a trade that I barely did nothing on and the risk was super low, I can't complain.
No doubt I will be watching KBIO in the coming days and weeks. Let's however not forget that this product they're creating - Lenzilumab - it's still in the development stage. So this is going to be another useless biotech company until it actually creates something. You can start your bio research here.
Please remember, unlike Turing where they actually have a drug being sold, KaloBios has NOTHING except for a lot of HOPE. Last time I checked, hope is not profitable. But for those of you who are only in for the short squeeze and the massive pump and dump - indulge and enjoy!
Traders from Equity Sense will be writing on this blog on positions and other market-related things.