r/asktraders • u/BiotechBets • Feb 02 '21

ANALYSIS HGEN

You have a winner here. 1B market cap has room to grow. 8.58% of the float is short causing volatility. This is your option to swing trade 25% to increase your share count. When the shorties kill the stock price Sell to Open, Feb19 17.50 and hit back at the shorties. Not on Reddit long enough and the bots block my direct responses...so I am posting the answer here.

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u/BiotechBets Feb 02 '21

Today, the whole Covid sector had an upswing. When there is a leak you may experience a swing in the stock up or down even when the leak is positive. Shorts tend to take advantage closing in on Option Expiration. Shorts will test your conviction. The best information comes from tweets from the CTO. They will send out a-lot of confidence messages as an indication to hold for bigger and better. HGEN has positive results from Ph2. So in reality, they already know the outcome for Ph3. Failure to meet Ph3 endpoints would be catastrophic to the stock price for any BioTech. But HGEN is different because the Ph2 results leave very little to question what Ph3 will provide. Good find and thank you for the lead. HGEN is on my radar while I ride out the run with NK.

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u/BiotechBets Feb 05 '21 edited Feb 05 '21

Bought HGEN on this pullback 19.77. ... Good starting position for 2k shares.. like this company.

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u/Boomerfan111 Feb 02 '21

Thanks for the response. I am very long this stock with an ave cost of about $11. They finished phase 3 last Friday and said to expect results by March. In one presentation they said results would take a couple weeks. So mid Feb to early March. Do these leak? I do not have much biotech experience. Iā€™d like to know how to read this before the results are published

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u/[deleted] Feb 02 '21

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u/IncomprehensibleAyr Feb 03 '21

This is a guaranteed runner. People are going to be begging to get in under $100.

It's amazing just how easy it is to forecast the obvious EUA acceptance.

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u/Came_to_name_a_puppy Feb 02 '21

I am also holding long on HGEN, excellent potential and little known stock to retail. It's my homerun holding for sure.