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Alexza Pharmaceuticals Inc. Message Board

  • mik.mint mik.mint Nov 3, 2011 10:35 AM Flag

    Same pattern

     

    Wearing out traders and longs, dumping at the beginning of the day.

    Take a look at last 5 days. Short sales on Nasdaq-Finra:

    11/02 22k
    11/01 46k
    10/31 50k
    10/28 111k
    10/27 84k
    10/26 64k

    We will have a new picture at 11/08 when short interest will be showed up. On period ending 10/15 there was a decrease of short interest of only 250K, even with same level of shorting. So, MMs control around 30-40% daily volume.

    I think a decrease to a 1.5MM level could be a signal of the end of this disgusting 1.35 level. The remaining would be covering to the upside. It looks optimistic, with 2.5MM shares shorted at 10/15 and so scarce volume every day.

    I still don´t understand why Symphony didnt cover at 1$ level months ago.

    I hate this manipulation. But always happen... sold it and a runup of 50% like ZLCS had last week comes.

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ALXA
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