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chartmojo
Jul 19, 2016 8:48 PM

lockup expiration play Short

Editas Medicine, Inc.NASDAQ

Description

It might be worth trailing for a short at some point into lockup expiration next month ..EPS -85 mil..I'm interested in how this range resolves here.. IPO was at $!6 now around $24.50 so theres room..11% float short...could be a little better but I've seen worse....would prefer 5% but whatever-would of been sweet at 43..position don't predict..imagine different scenarios..take the one that confirms..price is right and observe-react-change-grow-evolve=survive..do your own due diligence..Lockup expiration plays are scarce in summer..no Co. really wants to expire in the summer...but with this bull market..ipo's should come back in and provide op's down the road Also take a look at PTI...similar in a lot of ways..I'll be trailing it as well
Comments
chartmojo
thats the way is should roll...co-operated!
chartmojo
the pop around 7/27 was a good last min short op..this prior sup test will be interesting..
chartmojo
down like 10% in the few days from the lockup expiration on the first
chartmojo
8/1/16 is the lockup expiration day..
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