Hedges have done a great job of chasing retail out, a few articles and upward movement is good but since they control the shares it could all be a rue to get retail back in...this may go higher but expect them to step on it again...we're up over 50% since late october....be careful...too many new voices all of a sudden and the resident pumpers have gone unleashed...dont get too excited yet.
Now under 6 after early release of q4 tells me JJ leaked under pressure of JPM who more than likely needs to reshuffle to the other side...at the expense of retail. They will keep it around 6 until q1 results or EMA...which ever comes first. be cautious folks, heavy hitters need to turn their positions around and this will take some time.
Wealthy hedge funds can easily short dndn back to $4.
This stock is a buy/hold until Jan 2016 when the convert debt is due and which follows new CEO & all new officers and new hires stock options & stock. They vest in Dec 2013, 2014, & 2015.
The wealthy shorts have been accumulating the fear. This is all pure and simple legal stock price management (or manipulation if you prefer).
To short nearly 15 million shares since Feb last year exceeded (floods out) the buys during 2012 all in an effort to support the uncertainty CEO JJ was providing.
CEO JJ is beholden to his top 10 LARGEST SHAREHOLDERS and he'll get his due (reward) when hedgefund shorts DECIDE to cover; which isn't because they HAVE TO cover like many think. :-D