Stupid shorts attempting a 200K bear raid when few longs are selling. Market cap is still way cheap and most have price present value over $10. I will be adding shortly! Could be weak longs with stop limits too.
The facts are stocks oscillate, channel, whatever buzz term ya want to call it, and ya can make money with enough share volume going down or up in the spaces if the movement range is large enough. yesterday was a good example of an opportunity to the downside. Today may be different. And it has nothing to do with the fundamentals of this company or drug! Miss Kitty holds her shares and waits for her supper and ultimate pond party. Everybody is different. The kind of short I hate is the one trying to topple companies spewing lies! and doubt thats unsubstantiated.
I myself don;t short- or play the options gambling game though even there, the adept can beat the bookies (MM) and mitigate risk--I would rather trade on upside moves rather than downside moves. Like Rick, I still invest on fundamentals overall as well as news momo.
Silly - I short (other) stocks too, but not ones I like, and I rarely post gains on a stock msg board that many could care less about your 15 min of fame. But I did buy another 2000 shares today at low.