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Anika Therapeutics, Inc. (ANIK) Message Board

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  • hartstoc hartstoc Nov 29, 1998 2:01 PM Flag

    Watch list

    ATRX has been on my serious watch list since you
    mentioned it (thanks)

    Some
    observations/concerns-
    - Atridox was approved by the FDA on Sept 8, and it appears
    that many bought at much higher than current prices
    before and after that date, only to have the stock tank
    out. Could it be that there is a fairly large
    population of frustrated holders who are going to sell into
    the recent rise to get out. (ie might there be better
    buying opportunities over the coming weeks?)
    - If I
    understand correctly, the great majority of shorts hold
    convertible bonds. Since they are shorting to hedge the
    bonds-will they have any incentive to cover before they are
    convinced that Atridox is a success and the price can only
    go up?
    - Is it possible that most naked shorts
    have covered already-short information is notoriously
    out of date and innaccurate, as it is derived by
    inference after the fact.
    For sure- the potential
    market is VAST if Atridox proves to be a success. I just
    wonder what the best accummulation approach would be
    given the above. Best Wishes.

 
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