Wall Street Advisors
Long/short equity

Ruthigen IPO Set To Soar; Tetraphase To Find Lower Floor

I first wrote about Oculus (OCLS) here on May 6, 2013 with the thesis of a strong short opportunity presenting itself. The stock went from $5.97 to as low as $2.34 within six weeks, allowing readers the opportunity for a short-term return of 61%. While a main part of my argument for shorting Oculus at the time ended up being correct, now that the Ruthigen (RTGN) spinoff IPO from Oculus has officially been completed I see very strong upside potential in Ruthigen. Ruthigen's IPO pricing was on the low side, due most likely to investor concerns about Oculus' ability to raise the total amount needed for it. Now that they have pulled it off, however, at...

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