The dangers of shorting, decent potential gains but horrific potential losses. 10.46 MM shares shorted with stock up about $13.50 on Buy Out by Striker. SNTA has twice as many shorts, and they will begin to turn around here soon. Buy the fear. And if you're short, this is the time to safely cover.
We are well past that. The shorts are sunk and just adding fuel to their fire. Ever see that movie with Woodward where he thinks he is in control and then he learns only at the end that he was set up and is about to be burned alive as a sacrifice. Replace Woodward with shorts here. Going to be nasty for them, and already the set up is starting.
And MAKO shorts got off very lightly. The deal came from nowhere and the shares only ended costing them an 80 some percent gain. If rumours had started to swirl about the deal, then you could have seen a real squeeze. SNTA is a real squeeze in the making.