As of 7/15/11 short interest rose to 9,899,334 from 9,697,593 at the end of June.
One of these days there's gonna be a press release that's gonna have these shorts running for the hills but in the mean time don't let them shake your patience because that's exactly what they want.
They want you to get frustrated with the share price wondering why it's retreating so you'll bail out. Just hang tight. Add shares if you got dry powder,sooner or later we're goin' north bigtime.
These thieves that knock this down will probably end up being some of the largest long holders one of these days.
GLTA
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Here's the thing about fast track status that can kill shorts. Fast track status can sometimes get a drug approved sooner than most would think, and sometimes unexpectedly at that. If phase 3 results are so one sided thatperifosine works with controllable side effects, then the FDA CANNOT keep this drug from those getting the placebo. Once (and if) this happens the drug can hit the market fairly rapidly. To withhold a drug that works from those in need IS ethically wrong (though the FDA has done this with some drugs), and would likely move the drug to market rapidly.
This is one way to keep Kerx from running up high! It is being squashed by the shorts!
As crazito has stated a lot of different characters on this board!
It will come when they least expect it....that's when the stock will jump $1.00 with 5 million plus shares trading...sweet!
crazitjo good post. Besides the short interest we have posters bashing and pushing other stocks which probably ties in with the short interest. The Yahoo Finance graph tells the story today with volume at 1,447.632 shares.
http://finance.yahoo.com/echarts?s=KERX+Interactive#symbol=KERX;range=1d
MRNA held support .225 .
The short sellers were gunning for MRNA today.
Lots of panic selling.
Great buying opportunity.
I got caught on it, nobody's perfect.
Bought some mid day.
Walked away with gains for the day on MRNA.
Also had gains on PNS, nice run at that.
Bottom line.
Don't let some one else steal your cheese.