Shorted $INHX

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  1. #1
    123456's Avatar
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    Default Shorted $INHX

    $INHX - 20 Employees, Operating Margin (-1,205.06%), Return on Asset (-71.98%), operating cash flow of (-22M) net Income of (-25M) = SCAM. If that's not enough, check out the chart lol! Wm% is at 0, RSI at 86,and Stochastic at 98 lol Possibly waiting for a cliff dive to 11-12




  2. #2
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    - Expecting a gap down and cliff dive to $8, followed by a dead cat bounce to $9, and slow grind down to $2.00!


  3. #3
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    UR rationalizing again. ive coached so many traders and this happens a lot. Your underwater on a stock so then you look for information or pieces of data to support your bias instead of stepping back and looking at the big picture objectively. Yes maybe it does go down to 9 bucks. But your tradiing without a setup and praying to godl that your right. You cant do that your too smart for that. 2.00 bucks??? lol

    ive traded biotech stocks for almost a decade. 99.999% of them dont make money


    a few years ago i used to trade a stock called Jazz that was 1-2 dollars. when it was 5.00 everyone said that it was a scam cause it made no real revs. then at 10 everyone said it was a scam cause it had no profits. then at 20 they said it was a scam cause they had no real drugs . At 30 they said it was a scam cuase they had no shot at a buyout. Now at 45 dollars eveyrone loved it.

    Biotechs are not valued at their revenues or profits. They all lose money as they are just looking for the next blockbuster drug. Revs has nothing to do with a biotechs value.

    The 2nd thing is that momentum is not something to be messed with it has to be respected. Sure you can kee averageing up if it hits 16 or 17 ...there inevitably always will be a dip on profit taking. but does that mean it was a successful trade? entry, exit, setup, reward to risk ratio these are the keys to trading.
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  5. #4
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    right, you can't judge a hits business on non-hits metrics. and they did the smart thing - they sold stock into the rally, so now they have more cash to keep grinding it out.

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  6. #5
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    The Pump & Dump Explained:


  7. #6
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    Formed a Head & Shoulder on the day, it hit it's 52WH



    No Revenue: Income Statement Looks Garbage



    Highest Insider Selling This Year:



    Decline in Net-Assets + No Cash


  8. #7
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    Quote Originally Posted by [email protected] View Post
    UR rationalizing again. ive coached so many traders and this happens a lot. Your underwater on a stock so then you look for information or pieces of data to support your bias instead of stepping back and looking at the big picture objectively. Yes maybe it does go down to 9 bucks. But your tradiing without a setup and praying to godl that your right. You cant do that your too smart for that. 2.00 bucks??? lol

    ive traded biotech stocks for almost a decade. 99.999% of them dont make money


    a few years ago i used to trade a stock called Jazz that was 1-2 dollars. when it was 5.00 everyone said that it was a scam cause it made no real revs. then at 10 everyone said it was a scam cause it had no profits. then at 20 they said it was a scam cause they had no real drugs . At 30 they said it was a scam cuase they had no shot at a buyout. Now at 45 dollars eveyrone loved it.

    Biotechs are not valued at their revenues or profits. They all lose money as they are just looking for the next blockbuster drug. Revs has nothing to do with a biotechs value.

    The 2nd thing is that momentum is not something to be messed with it has to be respected. Sure you can kee averageing up if it hits 16 or 17 ...there inevitably always will be a dip on profit taking. but does that mean it was a successful trade? entry, exit, setup, reward to risk ratio these are the keys to trading.
    I agree, momo has to be respected. Many times these bio's get sold out like DNDN, IHGS, but a company that has a drug in phase I, with Phase II, and Phase III 6 years away, and that's with FDA Approval pending on all phases, is kinda of questionable. The strategy of enter and exit on this trade was when it came on the scan as a parabolic move from $2-$16, which is a mere 400% gain in less than 2 weeks. Also not looking to retire off of this short, in and out type of deal. However, I think it should be testing 6-7 for buying pressure.

  9. #8
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    ToS doesn't let me short this stock lol "INHX can not be borrowed at this time"
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  10. #9
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    Covered 2/3rds, got 1/3rd left to see how low she goes.

  11. #10
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    Quote Originally Posted by miabullitt View Post
    ToS doesn't let me short this stock lol "INHX can not be borrowed at this time"
    Scottrade came trough surprisingly their short bias inventory sucks. Other than the first day, the remaining times I wanted to short it, it was there available. My position sizes are small however!

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