Agree we th you re covering action this past week but they had a lot of difficulty doing such with the volume so low. And yes I think the next three weeks will continue to be volatile but from then into early winter I believe momentum will be on our side so strongly
As long as we are connecting the dots, I find your comment regarding Seth Klarman interesting. Wasn't the CEO of IDIX a former CFO at Kerx? Doesn't it seem logical that he might have made Klarmen aware that KERX offered the same opportunity as IDIX to hand the shorts their heads. I agree that it's only speculation, but stranger things have happened. I, too, feel that the ending of this story will be very interesting
Sentiment: Strong Buy
total speculation, but I have followed his story and kerx story very closely and I strongly believe the guy was/is for real...........everything about this stock reinforces his stories and my opinions, u recall the BS article that was released B4 the halt was ended after approval? that story was locked and loaded b4 anything came out, remember how long we were halted for? the BS misinformed articles that were out who later apologized but didn't not resubmit correction, it goes on and on and on...........MM's are short here, I strongly believe that, they control the price whether buying or selling is going on, I think SETH knows the story as well, hence his position and accumulation, so yes, I totally believe the story and I will hold and accumulate when I can afford to and I totally believe the mother of all short squeezes that he talked about will take place, this will be ugly all the way til the end, that's the path the MM's have chosen, so just hold tight
Less than a month away. Based upon a review of a number of other EMA approvals and subsequent announcements, my money is on September 28, 2015 for the announcement, however, it could be September 25
Sentiment: Strong Buy
Have a question for you. I got into KERX around the same time as you (March 2013). Made my decision after reading no_rats#$%$ posts. They made a lot of sense to me and I believed him. He expected a massive short squeeze and said to buy and hold. To date, buy and hold has not been the right strategy, but there's no doubt he was correct about KERX being a manipulated stock. I've noticed that you have made references to him in the past. Do you feel that he was for real or was he just one of the nuts that find their way to this message board?
Sentiment: Strong Buy
Well it was a 1997 with only 30k miles and was at a reliable 700hp and in great shape. One of the very few cars that are not yet labeled a "classic" that are appreciating. Problem it needed expensive leaded race fuel to make the power, and it had some lag having just a 3.0 liter engine. Fun car I will miss it.
Sadie, sbia34 told me that 3 days ago. CNBC said that there has been was a lot of short covering going on in the market in general, since Monday's beating at the open.
Since we were beat down so bad at Mondays' open I would hope that we had covering going on also.
But, we wont know for several weeks.
It is 3 more weeks before the FED makes up its mind on an interest rate hike, so I dont think the market is out of danger yet.
I still expect a few crppy market days in the next few weeks.
Then after the EU decision we get going no matter what the market does.
Sold my Supra Turbo for $47,500 bought $22k worth of KERX at 6.30 and $22k worth of IDRA at 2.60.
Hoping this more than doubles I want a new Z06 vette :)
Someone said a couple of days ago that TD was no longer allowing shorts on KERX. I can't confirm such just repeating what was liter here earlier this week. So you may be right. At least the increase was nominal this time and follows a slight decrease the period prior so it spreads that overall things seem to have stabilized here. My he action the last few days showed few sellers and when ever a buy of five thousand or more shares came in the price would spike. Then nearly thirty minutes to an hour would follow while they worked the price back down on low volume traded (most likely using their own shares to knock the price down). Anyways at this point the short interest may work in our favor as it appears there are now more buyers than sellers which will slowly move the pps higher now. Any news could hopefully result in a squeeze. But I am cautious now until we see scripts rise into the five hundred range after that I think the short game will be running out of steam
Amazing, everyday I place attempt to place a trade with scottrade to sell short 5,000 shares, everyday I received a pop up stating there are no shares to short, yet the short interest keeps climbing. Is it possible that some platforms have availed shares to short and others don't? I just don't understand the short thesis at this level with the short term catalysts looming.
KERXshort increased to 35,694,977 from 35,028,645. Despite a price decrease during this period from 7.72 to 6.05. It looks like some of the short players did not care to cover but got entrenched further.
Chart over the last fortnight shows a floor price of around 5.50 with a significant decrease in volume. This suggests that we might have just turned a corner. GL. Spill ! Spill !! Where RU. LTNC.