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Exelixis, Inc. Message Board

  • mbbf49a mbbf49a Mar 1, 2013 7:27 AM Flag

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    The numbers for the mid month only per NASDAQ: From December's high it's down a little more than 10%. Let's see if it heads back towards the mid t\wenties where it was 8 months ago before defining the trend. It does have a lot of potential for a squeeze if we can just get it to move to say $5.

    Feb.37,082,...
    Jan.38,221,...
    Dec. 41,658,...
    Nov. 40,413,...
    Oct. 40,230,...
    Sept. 37,177,...
    Aug. 34,304,...
    July 26,000,...
    June 24,151,...
    May 21,166,...
    April 20,180,...
    March 19,515,...

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    • mbbf49a,
      IMO the unfortunate reality for those interested in a short squeeze is that a PPS increase will not create a squeeze because without a big catalyst that creates a huge increase in daily volume, the PPS increase would likely get reversed quickly by those holding those short positions. Consider that the short interest moved from 26M to 40M in the months 1) after the secondary and 2) prior to the MTC approval. This means it's incredibly likely the short position increase was primarily hedge positions by those large holders (institutions). These holders are today looking at a significantly derisked EXEL common stock, with tremendous upside over the next 18 months. IMHO these same hedge holders will slowly cover a large % of the short hedge over the next few months in preparation for a big move up in PPS approaching 2014. Keep in mind, this is big money holding those positions and only a very significant catalyst could alter their ability to control the PPS. Perhaps something like an NCCN compendium for DTC or a positive OS survival data release could generate that much excitement. Who knows, maybe we get an early data release from the GDC 0973 Phase 3 later this year that is a game changer. We'll see.
      GLTA

      Sentiment: Strong Buy

 
EXEL
1.33-0.02(-1.48%)Dec 19 4:00 PMEST

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