shorts are dead or are dying and they know it look at the volume the last few days average 30 day vol in myl is over 800000
so if you add up vol this week and subtract the average vol per day at best you only have maybe 3500000 short covering and i
dont believe that not with all the interest lately in drug stocks which has i am sure sparked additional interest in myl even if
that figure is correct there are still 1600000 shorts still running around there like chickens with their heads cut off bleeding
all over the place even if stock goes back down to the 17 or lower level there will be shorts who missed that price last time
and will want to cover their "6" for fear of it going up again !!
As usual, one of the key indicators of a stocks direction
is to do the opposite of the nickel and dime options
players and those silly chartists. Case in point, MYL,
which has just made a-holes out of them "again".
I'll see you children again on another board where maybe
I can find some professional traders!
I emailed MYL and they would not commit that they would announce the Novopharm number prior to Q4 which means May. They stated it would be reflected in Q4 numbers with no commitment to preannounce the results of the audit. Maybe someone else here can get a more straight forward answer from them.
We have a better chance of new FDA approvals as it has been a quiet 5 to 6 months on this front.
Glad to hear your support and input. I am positioned much like KDag. Have followed the company for only a few months (8) but really agree with overall outlook. Am looking forward to MYL announcements and distribution of new FDA approved products.
like you i have several shares riding but i bought mine when it went down to 17.5 and i bought april 17.5 and the reason i
did and the other income from novopharm that they will report in a few weeks is tens of millions of dollars had that money been
in before earnings would have beaten expectations, secondly what effect will a new generic drug approval have on the stock, and
thirdly what effect will a propriority drug do for the stock, if you do anything you should buy more so you can avg down. hang in
there for the bishop sleeps under the whiteout sun.