With the VVUS news today, coupled with their dismal sales it looks like investors will get in on ARNA in a hurry. So with the DEA news, VVUS demise, and EU response we could really be looking at some upside.
Sentiment: Strong Buy
Theoretically, if they cover right now and convert their shares to a buy (long position) they can capitalize on the good news as well and make money going forward when the PPS rises. The more I think of it the more I think you're an IDIOT.
So let me get this straight. The shorts are trapped according to you correct, which means that are prohibited to cover theor short position?? Why not cover now at $8.60 and take a small loss instead of waiting until, good news comes out and be forced to cover at $12 or higher. That logic makes no sense! Why would they just sit around and keep a losing hand when they have a chance to get out now at much lower prices? Try to explain that to me if you can.