+ Watch SIGA
on My Watchlist
A bio-defense company engaged in the discovery, development and commercialization of products for use in defense against biological warfare agents such as Smallpox and Arenaviruses.
I'm going to play the short squeeze on SIGA Technologies. Generally with the seven day rule it's best to let them pop and ride them back down. The pop started due to discussion on how the governement handled the Smallpox vaccine contracts the last year. It's been mostly court battle. SIGA also owns PIP some of the revenue. I'll probably downthumb PIP. There are more details on this one in my closed pitches and somen good articles. Overall, I don't give SIGA much hope of being profitable long run and I may get caught with this upthumb if the shorts cover. Overall, however, it was selling near an all time low and I'm expecting some buyers on the spike today will hold awhile. There is no profit left on this one for any current holders at this price level.Short term call to catch a short covering ride with low risk due to current lower resistance.
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