which was published in yesterday's Wall Street Journal, as of May 8th, up from 13.7M on April 8th. I know a few posts have discussed it, but this is further evidence of artificial depression of the share price.
In and of itself, i don't think one can argue that short interest is a good prognosticator: many companies deserve to be shorted, examples include ZIXI last year in the teens; TZOO last year; TASR last year, etc. But in the case of DNDN, it's clearly obvious you have a different animal. THis is a case of a bear raid going AGAINST THE DOCTOR'S ADVICE! It's as though these Wall Street guys know better than the doctor, that's the analogy.
Cudadida, I like what you posted. This part however, may be viewed in a different light: <It's as though these Wall Street guys know better than the doctor, that's the analogy.> I think "these Wall Street guys" may "know better than the doctor" because they see what the more powerful "doctor" is doing to the pps. Our current "poison pill" status is almost totally emascualted by shareprice devastation. We are on the auction block, now, and we may not bring much of a premium. Our labs and our corproate offices, however, are in tip top repair. sam
There was a discussion yesterday on CNBC in regards to hedge funds, and one of the guys who is a big shorter that runs a hedge fund. He stated those #'s are so far off. He said he himself has held more shores then the actual numbers published.
You guys have to let this short thing go. The only thing that will help stock price is news or approval,or change in management. shorters wont start covering till price gets over 8 or higher. These guys have made a fortune on downside and most likely are hedged with very cheap calls.