“Misery loves company” or “If at first you don’t succeed…”
An insignificant musing:
For the first time ever (AFAIK), short interest in Compugen is up over 1 million shares (up 80 thousand shares over the past 11 trading days.)
In addition: It appears that the institution(s) that were selling either have finished or are taking a breather. From the saw-toothed daily pattern of trading last week, it looks like another institution stepped in and absorbed the remaining shares for sale. Finally, as we’ve seen many times in the past, when short-sellers fill this message board with posts, we are usually at or temporally close to a near-term bottom. I almost never comment on the short term because for the most part I consider it a random walk and heavily influenced by the market as a whole, but the convergence of all of the above piqued my interest.
Now back to serious matters...
P.S. Sorry, SJS—I know you don’t appreciate my comments re: short interest.
sbh, nothing against an occasional nod to short positions. As you know the key here is commercial deals. I believe there will be an exponential effect over the medium term as we get new deals. Every time a new deal happens, the reality of the model gets driven home so when Steve says he thinks 20 fairly soon he is not just dreaming.
Maybe something will happen fairly soon, then of course we love shorts since there covering raises the price that much higher.
In case I don't write again over the next day or two I want to wish all my friends (and even my enemies) a Happy Thanks Giving and for those that celebrate a Happy Hanukah too.