February 2, 2021 -- InvestorsHub NewsWire -- via pennymillions -- Bloomberg reported today that retail investors are campaigning through Reddit in an attempt to motivate a short squeeze on biotech companies. Reddit was venue used to ignite the GameStop short squeeze.

“Biotechs with little to no revenue have long been the focus of short bets on Wall Street and could emerge as a new focal point for small-time investors railing against elite hedge funds. But the battleground is an already crowded arena with hedge funds positioned on both sides.”

“Throughout the pandemic, biotechs racing to find the next Covid-19 treatment or vaccine have captured the imagination of retail investors.”

The Bloomberg article featured BioCryst Pharmaceuticals, Inc. (BCRX) as an example of the Reddit campaign’s efforts:

“BioCryst Pharmaceuticals Inc. blew past a five-year high as Reddit investors rallied around a call to start a “#BioWar” on the bears behind a heavily-shorted biotech that develops rare disease drugs.”

Biotech sector momentum could accelerate the recent growing interest in PAO Group’s (PAOG), patent backed CBD extract pharmaceutical developments to treat Chronic Obstructive Pulmonary Disease (COPD) under the brand name RespRx.

PAOG’s PPS and trading activity of late have been on the rise and a #BioWar could finally push PAOG over a penny.

Source - https://www.pennymillions.com/blog/paog-could-catch-reddit-biowar-fever-and-breakthrough-001

Ohter stocks on the move include HCMC and INKW

 

SOURCE:  pennymillions 

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