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Biotech / Medical : Ziopharm
ZIOP 0.866-0.9%Jan 26 3:00 PM EDT

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To: The Ox who wrote (8)2/2/2017 9:12:09 PM
From: PLegee  Read Replies (1) of 14
 
Did not know there were warrants outstanding, thanks for that info. On another board, I was reading that ZIOP is now on the "Hard to Borrow" brokerage list and that the interest rate assigned for short term transactions is a staggering 40%. Though that interest rate seems absolutely absurd (can not corroborate), I do know there is a big effort currently underway for stockholders to "loan back" their shares by all brokers. Several blatantly obvious Reverse Conversions last week; "market makers" are doing everything possible to provide shares to keep the shorts in the game.

The close today broke the top constraint of the Bollinger band on double normal volume; usually indicates a short term correction is in the works. Just feel the shorts are to strong and will completely overwhelm the retail/institutional holders short term. But, need to see how this plays out, maybe it was some short covering today . . . wistful thinking. Need data, partnership news or a cash funding plan announced to eliminate some of the overhead from this stock. I remain bullish for 2017, just think this one has a ways to go before it can break free.
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