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Exact Sciences Corporation Message Board

  • hitechster2000 hitechster2000 Sep 26, 2006 4:35 PM Flag

    Sept. Short Interest . . .

    +22.97% to 408,075 shares

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    • Poor chart. Sadly EXAS will trade lower. Long tern who knows what will happen but short term EXAS is better a short.

    • "...today's dip gave the SHORTS a tremendous opportunity to cover and that is where the buying may have come from, rather than someone "accumulating"

      that would seem to support my assertions that
      1. there isn't a lot of shorting going on (as a pct of float)
      2. the shorts weren't covering driving price up as short position increased a couple hundred thousand $.

      I understand trying to tech analyze, this isn't a good stock to do that with, not enough liquidity right now. Maybe when (if?) guidelines happen volume goes up enough to trade this, frankly I hope so, just isn't there right now.

      Be long or be out, but trade at your own risk.

      • 1 Reply to kirkydu
      • "that would seem to support my assertions that:

        1. there isn't a lot of shorting going on (as a pct of float)
        2. the shorts weren't covering driving price up as short position increased a couple hundred thousand $."

        You really must be NEW to the financial markets, eh?

        The September short-interest report is as of a 9/12/06 trade date. Thus, the trading "activity" that may or may not have occurred ( including possible shorting ) LAST FRIDAY, September 22nd isn't even part of these lastest shorting figures. How could you not be aware of this?

        In fact, neither is the big rally day of Sept. 15th when EXAS traded from 2.45 up to 2.93 on 508,500 shares.

        Thus, your statements are completely irrelevant in regards to the data presented in this most recent short-interest report.

 
EXAS
22.02+1.12(+5.36%)May 1 4:00 PMEDT