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Dendreon Corporation Message Board

  • bbenzo1 bbenzo1 May 21, 2009 5:00 PM Flag

    no volume!-.38? shorts fail again..

    No many shares shaken loose huh? Sad thing to bash and work so hard to drive down this jewel only to see buyers show up at the end of the day. Many shares were gotten CHEAP today.

    There's a lot of support here and shorty would be best to either buy calls or cover. A mere spark is waiting to take this to 30. There are still shorts out there from $4.00. getting killed. They must be sad.

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    • benzo,

      Those same words were told on May 8th and low volume days on other equities prior to a big drop. Take a look at the following volume in DNDN from 2007.

      8-May-07 17.15 17.90 16.75 17.74 24,765,200 17.74
      7-May-07 20.65 20.87 17.77 17.92 27,641,000 17.92
      4-May-07 19.71 21.81 18.51 19.39 46,770,500 19.39
      3-May-07 17.71 18.53 17.71 18.48 26,044,400 18.48

      What do you think happened next? Sure, 24 Million is alot more than what we have now, but decrease in volume and a down day like we have could mean the absolute opposite of what you believe it says.

      Here is how DNDN closed in the days after...

      21-May-07 6.55 7.24 6.27 6.80 43,804,300 6.80
      18-May-07 6.22 6.42 6.02 6.07 18,053,100 6.07
      17-May-07 5.98 6.57 5.94 6.38 25,914,000 6.38
      16-May-07 5.62 6.15 5.56 5.99 26,659,900 5.99
      15-May-07 6.22 6.24 5.55 5.69 22,535,000 5.69
      14-May-07 6.45 6.65 6.11 6.18 42,241,700 6.18
      11-May-07 5.13 6.29 4.95 6.11 72,276,100 6.11
      10-May-07 5.75 5.82 5.17 5.54 68,516,700 5.54
      9-May-07 7.31 8.00 6.27 6.33 131,406,100 6.33

      At this low volume, all it takes is a Fund deciding to cut their losses from an entry price above $22 and this could tank. Of course they wouldn't just dump all their shares, it would be dumped in a systemic fashion - for a while...

    • shorts made money today, dork

 
DNDN
0.1270.000(0.00%)Nov 18 4:00 PMEST

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