As 6 million shares must be covered by October 14
Sentiment: Strong Buy
Why do you think that, I'm long. ACAD went from 7 to 29 in 5 months. Hope OMER does the same.
Because this stock was shorted in Mid September, when it risen from 5 to 8 in one day, so 6 million shares were shorted at 8, and it kept going up. Shorts have one month to cover, so by mid October they have to cover and buy 6 million shares.
check out the message board if he doesnt get back to you.....the explanation is on here....good stuff !