Thanks Steve. I closed my short as well. 1/2 on Monday just below $16 and 1/2 on Tuesday in the low 16.70's. I had the same thought that 18 may be time to reopen a short position. But will see what tomorrow's conference brings. Good luck to all!
you got your wish, nbix found a lower low again today at 16.66. Some that shorted the very top or close to it are likely covering some shares, (possibly too early) which is slowing the drop a bit. I noticed that end of day the last few sessions there didn't appear to be much bounce from covering like previous days. We'll see what happens. For now I still hold my short position, and may add more if this sees high 17's today. I doubt the price makes it there, but if it does I'm ready to short more.