The big short attack 10 weeks post summertime launch. Big Deal. No longs are selling. No more weak hands to shake out. No real news to warrant the drop. Only incest selling by shorts. No matter what SP this drops to, 65 MM short buyers will bring it up again. All longs hold and starve the shorts, just like the burnt earth campaign. Because it is a war of sorts. It is just another wave in hoard. The more the SP drops the deeper we bunker.
Really? Short interest over the past year has grown 25 million from 40 million to 65 million after FDA approval despite ARNA share price falling from $13 to $6. Clearly shorts are not covering but adding more.