Price Forecast:

Bullish Case: TARS may exhibit upward momentum fueled by strong historical returns indicating a greater likelihood of favorable price appreciation, particularly as bullish sentiment has increased with higher call option volumes indicating market optimism.

Bearish Case: Recent high implied volatility suggests substantial market uncertainty, potentially leading to sharp corrections. Insider sales or negative earnings updates could drive prices lower, especially against a backdrop of historical mean reversion.

Potential Outcomes:

1. 40% chance of price stabilizing around $39, driven by recent positive sentiment.

2. 30% chance of a pullback below $35 if insider selling persists.

3. 20% chance for a rally above $45 based on strong trial results.

4. 10% chance of extreme volatility reversing other predictions due to unforeseen market catalysts.

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October 27, 2024