In light of the absurdity in KBIO, I am extremely bullish on shell companies. I want to buy companies that burn cash like Mike Tyson, by studying drugs with little hope of ever seeing a dollar of revenue. The more failed late-stage drug trials the better, but absolutely no less than 2.
Therefore, I bought some MCUR late in the day around $1.10.
These types of trades are lottery tickets, essentially call options. Only lay down as much as you’re willing to lose. Unless you’re Martin Shkreli or his childhood friend, in which case you have balls of steel when sizing up in these trades.
Update: MCUR hit $2.95 two days later