Jul. 16 at 1:23 AM
$NWBO
Hedge funds short until it is obvious there is going to be a catalyst, drive the stock price down, exit the short and then depending on their opinion of the stock may or may not go long. If they sucker some retail longs to exit as these valuations go lower it juices their short.
The other thing that is obvious to me is MMs will have to settle and know they have to settle. This is the last opportunity to manipulate the stock and mitigate their clients and their losses before the settlement.
Not sure what those who are selling believe they are invested in, but I know I am invested in an incredible dendritic cell therapy that cures cancer.