Seeking Alpha is a blog that presents itself as news. Notice that the poster bashing PHOT discloses in his byline “I am short PHOT.”
This (literally?) poor soul posted an equally negative entry on Seeking Alpha a few weeks ago. After the recent action, I can only wonder how deep in the hole he is. There are no limits to your losses on the short side.
His post seems to contain at least one outright falsehood (the HQ addresses for VAPE and PHOT are not the same, easily verifiable w/ Google search).
I have traded this thing since .20 but finally took a “go for broke” position at .36 last week. So far I’m enjoying the action, and believe in the story. If I lose my $5K stake, it won’t ruin me, so I’m holding until big pharma or big tobacco buys them out. Or until it goes to $0.
