Given nearly 2.6 million additional shares worth about $16M "were illustrated" as being shorted from 1/15 to 1/31 (Visit the NASDAQ Site, type in DNDN,), realize this is only a DATA POINT IN TIME when the TOTAL short interest is tallied on the settlement date of 1/31 and then released on 2/11 for us to see (The next release date btw, is 2/27 for the period 2/1 to 2/15).
The actual number of shares shorted can vary DAILY during a 2 week period...but again, we only can see what the total amount is on the settlement date and then we can calculate what the "point in time" increase was from the prior 2 weeks (eg: 47.2 million to 49.8 million).
Because institutions can short whatever amount on a DAILY BASIS, they can make us believe whatever they want regarding general short interest trends, regarding Maxim's latest call (yes, they shorted to drive down the price yesterday) etc......
The short interest trend with dndn obviously has been increasing since Feb, 2012 when short interest was 32 million and the stock price was $17. Today, the total short interest is 49.8 million and the stock price is $6.
Here is some more history:
The short interest back in Aug 2011 was only 14 million. When Gold pulled guidance, it blew up to 18 million during that 2 week period from Aug 1st to Aug 15, but realize that was only a data point in time on the release date of Aug 15. To take the stock price down from $36 to $11 on that fateful Aug 3, it may have taken more than 4 million shares shorted to flood and drive the stock price down big time!
In October 2011, it was 23 million.
In December 2011, it was 28 million.
Covering occured in Feb, 2012 to catapult the price up to $17, but then short interest then blew up to 32 million and the trend continued month over month to todays total of 50 MILLION!
Here's and interesting stat: Since Aug 2011, the monthly short interest has averaged a whopping 2 million share increase per month. And 2 million is only an average because again, we don't know how many shares are shorted and covered DAILY to manage the stock price the way institutions shorting see fit.
We only see a "data point in time" every 2 weeks when institutional short interest is released for us to see.
Sorry to sound repetitive here.
So, remember, any downward movement in the stock price isn't always someone selling. Given the millions being shorted every 2 weeks, this has a dramatic influence on the stock price too.
All these shorting shananigans, which is greater than the HLF debacle going on now.... and not a peep from CEO Johnson and not a single article (from CNBC, Adam F, Motley, or anyone) highlighting this.....all the while large institutions (Blackrock Inc, Deerfield, and Vanguard) are ACCUMULATING and now hold about 26 million all together ;o)
Hope this helps someone out there in never never Yahoo land.
Maybe the folks at Yahoo IT will get something from this too.
Happy Friday ALL
Glta dying pc patients!
Sentiment: Strong Buy
Do you know there is also a Bass43565 (vs 45365)? Claimed they were a 'do..u...bag'. I prefer not to spell it out. Look it up. This is besides the "me too", copycat 45364 alias. Can you comment on the aliases? Your original posts all seem sound to me. It is the aliases that confuse. perhaps by design as you helped this board see 50 plus with the runup to approval. We had the same rumors, shorts, repetitive ignore types, and wide down swings before the approval. Many we're shaken out.
Overall, a disappointing week. I still see a long term short covering event that will escape the control of the powers that be. The question is... When and what. And yes, I have another sign in 'goldes2'... Depending on my ipad/pc sign-in.
Focus on DNDN and what theyre doing...not strange aliases.
If you glean anything from my posts on DNDN, I'm happy. Share it with others if you think what I write about has any validity (friends, investment club, etc; and only invest what you can afford to lose). If not, just ignore me.
And ignore the gents here that don't help you, uplift you, or don't have anything substantive to add regarding DNDN. Those that talk negative about others are just unhappy & unfulfilled in life and probably stuck in their ways. Else, why would someone who is truly happy/content in life want to make others feel bad?
Hey, tell everyone about dndn and don't drink too much tonite because I am ;).
And yes, disppointing week because institutional shorts rule. They destroyed me back in Aug 2011 because DNDN caters to their top 10 largest shareholders...,but this is a 12 year game...well, now really just a 3 year game to Jan 2016 when the $600M convertible is due and when the CEO and all his new hires stock & options vest 100%.
Sentiment: Strong Buy
Add - I added shares. plus 5% to my portfolio at end of OPEX day. I listened to the conference call JJ- Leerink from 2/13 on Dendreon webcast site. Seemed very conservative in answering questions. Marketing / clinical strategy makes sense.
Used to work for HF so know all their tricks. There is def naked shorts and many manipulators. They sometimes selll from one account to another getting retail to overreact at psychological price points. Picking up calls in another account. Remember people these are professionals who get paid to make money from emotional retail investors. Shorts need to keep price down to cover as much before EU approval and next run-up. Try to stay off margin and stop-loss and accumulate shares where you think it is cheap. Time will only help DNDN story...=)
Don't justfify them by telling us they are professionals. What they are doing should be illegal and is at least immoral. Selliing from one account and buying in the next one. How do they manage to to trade without putting in an order in the open market? What kind of shady markets exists between these accounts??? That should definitely be outlawed.
"all the while large institutions (Blackrock Inc, Deerfield, and Vanguard) are ACCUMULATING and now hold about 26 million all together"
True. One should pay more attention to that fact than to the daily price fluctuations. JMHO