Dropping like a stone - shorty must have been biding his time. Sheesh, 250 drop in the DOW, and shorty just needs to push a little bit to send this over the cliff. Figures - another sh1t day for longs......sigh
Since Soros was selling below his strike price it seems intuitive that he will now buy above his strike price. I think I have this figured out.
If we can hold above 2 then we should be good to gradually move higher. My take on this is that shortie has been shorting (note the higher short levels) but someone else has been buying. Maybe lots of "someone elses" have been buying who knows. But what that leaves us is a rising stock with large short position. Hmmmm, now that could get interesting at some point.
Personally it seemed that 1.95-2.00 was back fill, now the cheap shares are gone. Anyone wanting to buy is now buying and driving this higher. Sellers seem to be in short supply.
While this deal will take time to unfold because of government approvals, it shows the consolidation of the telecom equipment business.
There will be a consolidation of the optical component vendors as well probably with FNSR -JDSU (COP) next.
true, but short interest is still less than it was on 2/10/15, significantly, if my memory serves me correctly. The low short interest on 2/13 seems due to most shorts covering @ 1.50 or so on the convertible drop. I'm still not of the opinion that short selling related to the notes will exert much selling pressure on OCLR. Another iffy Qtr though, that could.
even us cripples on this side of the pond ASSpreciate that bloody site.
Youse dun maked a smart move an dat be a good site.
Sentiment: Strong Sell
OCLR is absolutely useless and it costs me money. I had to recoup those losses by playing Ultimate Stock Alerts (find them in Google)
I'd agree with you there, pattern seems very strong between 1.96-2.00.
Not sure what it means and who it benefits. Recall, the strike price of the convertibles was 1.95, and it seems we are not straying far from it.