AUTL Is this a pump and dump?
AUTL on the one-hour chart had a spontaneous parabolic move without a catalyst as best as
I can tell. Earnings ten days ago were decent but nothing special. AUTL as a biotech firm is
losing cash just not as much as analysts predicted. In the parabolic move very few shares
were traded between $2.00 and $2.40 as per the volume profile Overall a massive volume
occurred compared with the entire year although there was a bit in the runup to earnings.
I suspect a pump and dump and think it might be worth playing. Insiders could be
manipulating the shares and acting as a team. The zero-lag MACD suggests that the top has
been reached. I believe that insiders will be selling quickly and short sellers will be
joining in. I will be one of the latter. Retail buyers could be stuck bag holding if caught
by surprise. Once price drops to $4.00 the bearish momentum will kick in due to the
volume void on the profile. Accordingly, I will buy a group of call options when
AUTL hits $4.05 set a stop loss and await the flush back down to $2.00. If things go
well this will be over a 100% return on investment and 300% return on risk in one day.
The contracts for 6/16 ( $5.00) are about $250 with about 25% spread between the bid
and ask.
I can tell. Earnings ten days ago were decent but nothing special. AUTL as a biotech firm is
losing cash just not as much as analysts predicted. In the parabolic move very few shares
were traded between $2.00 and $2.40 as per the volume profile Overall a massive volume
occurred compared with the entire year although there was a bit in the runup to earnings.
I suspect a pump and dump and think it might be worth playing. Insiders could be
manipulating the shares and acting as a team. The zero-lag MACD suggests that the top has
been reached. I believe that insiders will be selling quickly and short sellers will be
joining in. I will be one of the latter. Retail buyers could be stuck bag holding if caught
by surprise. Once price drops to $4.00 the bearish momentum will kick in due to the
volume void on the profile. Accordingly, I will buy a group of call options when
AUTL hits $4.05 set a stop loss and await the flush back down to $2.00. If things go
well this will be over a 100% return on investment and 300% return on risk in one day.
The contracts for 6/16 ( $5.00) are about $250 with about 25% spread between the bid
and ask.
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