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Post by ashiwi on Dec 9, 2014 16:13:22 GMT -5
Short interest decreased by 2,692,697 shares.
The short covering has begun!
Only 79,738,493 more shares to cover.
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Post by bradleysbest on Dec 9, 2014 16:23:12 GMT -5
Lol
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Post by kc on Dec 9, 2014 16:48:29 GMT -5
gosh I don't feel any better with the decrease.
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Post by bobw on Dec 9, 2014 17:20:20 GMT -5
The short interest has gone down on all of my biotech holdings. Maybe it has something to do with the year end.
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Post by jpg on Dec 9, 2014 17:26:19 GMT -5
The problem is,as usual, that this is old and very asymmetrical information. I wouldn't be surprised if it recently went back up. Looking at the price chart you could almost guess at a pattern of short covering and leveraging.
JPG
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Post by BlueCat on Dec 9, 2014 23:14:14 GMT -5
Short interest decreased by 2,692,697 shares.
The short covering has begun!
Only 79,738,493 more shares to cover.
Kinda like someone removing the Cola can from the dashboard of the semi with a wheel parked on your chest. |
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Post by joeypotsandpans on Dec 15, 2014 11:22:38 GMT -5
I cannot pull up MNKD on the short availability list at IB, does anyone else here trade with IB? This is the first time I could not pull it up, on friday it was showing 2.1m shares available to short so it would seem odd that it would now be taken off their list, usually if there were none available to borrow it would come up N/A.
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Post by gwb on Dec 15, 2014 13:15:43 GMT -5
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Post by cybergym66 on Dec 15, 2014 14:24:25 GMT -5
Yes, the short's bang for the buck seems to have weakened vs what they did in the Fall BUT I think they still can slowly push the price down some more. They will try to probe to see if they can find weakness in longs and/or investors with stop loss orders. I'd love to say when sales start (around the end of Jan) then the shorts will be done but we won't get sales numbers until SNY's EOQ filings. My guess is we still have another $.50 - $.75 ($4.25-$4.50) to go. That's around where we bottomed not that long ago. |
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Post by Deleted on Dec 15, 2014 16:14:59 GMT -5
So IB alone had over 1.5 million shares shorted from Friday to Monday? Interesting, and we ended green today with the IBB getting shellacked almost 3%. Uh oh.
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