|
|
Post by harshal1981 on Mar 25, 2014 15:44:39 GMT -5
Short interest is 63.5 mil up by 4 mil between 1st March and 15 March. Surprisingly share price was above 6 (between 6.18-6.0) only during the first four days of the reporting period and still SI went up. Shorts must be expecting real drop I guess. I do believe quite few of shorts must have covered during the past few high volume days.
It keeps getting more and more interesting.
|
|
|
|
Post by mrhaigs on Mar 25, 2014 17:41:33 GMT -5
This above all else makes me the most nervous. Why is the short interest so high this time around? I know we can't have a real definitive answer and the question is more hypothetical, but nonetheless... Scares me.
|
|
|
|
Post by babaoriley on Mar 25, 2014 18:53:22 GMT -5
Shorts are more clever and less emotional than longs (and very likely far better funded at this point). They know a number of longs were going to try to pare down their positions this week. They also know that lies will fly on Friday when briefing documents are released, and also know that if AdCom only goes for Type 1, much ado will be made of that.
If shorts are going to be doing some serious exiting and/or hedging, my bet is it won't happen until Monday, until then, they are waiting for longs to crack.
|
|
