Kafka666,
DO you have any insight to INCL. They are a biotech stock that recently popped from 2 bits to $5-1/2 yesterday. Insiders were selling as recent as June for $2.75 per stub.
July 15, 1998, Incontrol Inc. announced an June '98 three-month loss per share, $0.36 vs loss of $0.45 for same period a year ago, and six-month loss of $0.84 vs loss of $0.88 for same period a year ago.
Net losses of $6,305,000 for three-month and $15,414,000 for six-months of 1998 include an $1,400,000 restructuring charge and an net credit of $3,933,000 from stock options.
Not much chance of a squeeze, w/ 19mm shares outstanding and short interest at less than one day to cover. swarm.glamus.de
The fundamentals suggest to me this is a short, but without the clear pump and dump evidence, I can't understand what's driving up this stock. Do they have potential blockbuster products in teh pipeline. Is their intellectual property worth more than their current market cap of $106mm.
Your thoughts are appreciated.
Chester |
