EXEL:90% owned by "TUTES", 10% retail & Short interest, good news takes us way up.Hopefully something afoot soon.
both NASDAQ and Google list EXEL institutional ownership at 90%. How is it that you have the "actual" numbers at 58%? Institutions routinely "lend" their shares for money to people who short the stock. It's a great way to make money while maintaining their long position. pretty basic stuff.
Joe, I got the number from Yahoo Profile. You can verify my numbers again and through other authentic sources to go ahead and correct. Thanks for the response.
I do not think instituions can lend their shares to retail holders for shorting. Therefore, it must be the institutional hedgers. If you look at the dialy trading volume, it's far too low for any substantial institutional daily trading. Therfore, I believe the MM is playing his game by manipulating retail traders. The latest revelation (yesterday's) of S&P misdeeds is a ground enough to suspect rampant but sophisticated Wall Street underhand practice in manipulating stock markets. And, therefore, I do not think the current-day institutional holders, including MM, are all saints and play fair games!!
"Joe, I got the number from Yahoo Profile. You can verify my numbers again and through other authentic sources to go ahead and correct." When you look at the Yahoo numbers, you should really add the insider number to the institutional number. Insiders are normally defined as any entity that exceeds a threshold of 5% ownership and it is usually an institutional fund that meets this criteria. "Thus, the culprit is the institutional holders, meaning a lot of EXEL shares are controlled by institutional hedgers OR, in plain English, these shares are a tool of institutional gambling!!" Sooner or later EXEL share price will get marked to market and the value will be driven by the underlying value of the company. I'm hoping that price will be determined in an open competition between 2 or more bigpharma, but we will see.