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Ironwood Pharmaceuticals, Inc. Message Board

  • cameroninbaghdad cameroninbaghdad Mar 11, 2013 10:13 AM Flag

    Closed my short

    This POS cost me almost $15k shorting. I started covering at 16.75 and it was 16.90 by the time I finished. This will crash sometime in 2013, just hard to call a peak. Wouldn't be surprised if it broke $20 by May

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    • Yeah ouch, that's gotta hurt. I had some short positions that took a beating. This stock definitely wants to go up, but I have yet to find a reason out there as to why.

      • 1 Reply to mershaw2001
      • Didn't hurt too bad, my account is still up from the time I started shorting, just not up as much as I should have been. This stock is going up because it's almost entirely owned by institutions and it's experiencing a bit of a short squeeze. Days to cover is a ridiculous 30+ days due to the low volume and high short interest. I promise I will short this again, preferable before May and Q1 earnings call. This drug will not sell like they anticipate and the company will bleed cash from marketing and paying ridiculous 11% interest on notes they recently issued. Mark this post, this stock willbe under $10 sometime in 2013. The tricky part is finding the peak and right price to start shorting.

13.79+0.01(+0.07%)Oct 21 4:00 PMEDT