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Anadigics, Inc. Message Board

  • johnnybravo201 johnnybravo201 Sep 30, 2012 3:52 PM Flag

    ANAD was the only one in its sector which was up on friday.....

    Since ANAD's competitors also have a comparable amount of short interest on a percentage basis of shares outstanding, if Friday's activity was primarily due to short covering at the end of the quarter to show a profit, it would stand to reason that the others in the sector would have experienced similar activity, which they did not. I therefore do not think that ANAD's upward move in sp on friday was primarily due to short covering. If this is in fact true, then why the pop in ANAD sp when the rest of the sector was down? The author of a newsletter I subscribe to attributes it to ANAD ceo's recent presentation at a conference in which only 12 individuals were in attendance, but nothing new was supposedly stated which was not already stated in the last qtr's CC. So question still remains...why the pop in ANAD sp friday? And will it be sustainable or just go right back down by end of the week? Should be an interesting week to watch the direction we go in from here.

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