<<For Rookies who don't know about todays Volume.>>
<<SHORT were caught having to battle covering, , markets going down, and coming back up.>>
Mea culpa. Perhaps you can explain it for me. I have trouble buying into the notion of shorts vs longs doing daily battle and determining share price. First, historically, EXEL has a relatively small short interest. There are over 100 million shares extant and the most recent reported short interest (10/15) is 6 million shares. Over the last 12 months the short interest has steadily declined. Standard thinking is that would supprt rather than depress the stock price.