8 million shares short, only 2-3 million covered, 6 more to go!
I have my first order at $10.05 ... Given the recent trends in Bio, I will not be surprised if this stock goes to $8 target set by Canaccord .. But I am prepared to add shares from $10.05 to $6!.
Look at AMRN - bunch of short sharks aided by Adam F, thestreet, seeking alpha, etc. brought it down from $16 to $11 in a week .. I expect IRWD will also see a similar fate ..
BTW - I am long on AMRN from 10s, 11s, and 12s ... and holding. Will leg into IRWD soon ..
Well, apparently from the strong comeback today, nobody wants to let go of their shares. Neither do i :) I think 14 is coming soon.
Sentiment: Strong Buy