no.. Most shorts have covered. These are new buyers coming in. 90% of the shorts are short at $65+ just new buyers
what a bunch of morons
Management is in a quiet period so I guess we will have to wait. Was thinking they announce earlier to stop this bleeding.
jmho.. This is a phony rally
All's I am saying is don't overstay your welcome.. Pigs get slaughtered and if anyone was short from $150 and hasn't covered at this level is an IDIOT!
brock you do not understand the value of B&L now. It is a company that has evolved since it was purchased. They are working with IBM on cutting edge apps for Apple. They will, imo, ipo B&L and maybe Salix. Creating an ipo for both of them would service most of their debt. If they announce the offer as being authentic at $22 billion they will halt this stock and it will open over $60. I am not saying you may not make a little more cash here on the short side but the dangers here would scare me way too much to be short. You have to read between the lines. 23% of the institutions covered their shorts in the last report. These are people who rarely get burned and do their homework so I think something is in the works. With all the horrible news with Valeant they were covering. They should of stayed short or increased their positions if their outlook was BK.. All jmho
VRX was not up because of short covering. It was up because of the KKR rumor of them putting a bid in for B&L or $22 billion..
Ok explain to me your knowledge of this. Not knocking you just wondering how you have such insight as to Dendreon's cancer drugs.. It would be good to know what is going on..
them being in a quiet period does that make a difference?
I think I am calling it here.. Starts Monday. I sold almost all stock and call options except VRX. Bought a good amount of puts in the QQQ's when the market was a little higher on Friday. I see a 500 pt. correction in the Nasdaq. I think it is all going to start with the Apple break down. We will see but I think Apple and Google can start this downtrend. jmho
I really think Papa was hired to fend off a hostile takeover. Has experiene with that from Perrigo.. I know that didn't work out well for them but he was successful at it.
Just wondering what you guys think. Retail sales were horrible and as long as I have been trading have never seen the retailers sell off as much as they have in a few days..
Again I will say this more clearly. Any time a fund, institution, etc. state that they are long or short a stock they must disclose how much they own and at what price. And also, as someone else stated, if friends family or associates own. You see, it is easy for Chanos to say I'm short VRX.. He should be required to say how many shares he is short and price average as of that day. These punks aren't even required to state their short positions or the size of them in their 13-f's... It is all screwed up. Chanos should be required to state his actual size in his short position and the average price. We have no idea if he is short 500 shares or 5 million. Transparency is necessary for everyone. And as far as those 13-f's go you might as well wipe your butt with those things. Real time information is needed in this market to make it fair.. This CNBC garbage has got to stop. Cramer has to be controlled more than he is. He is a very smart guy but I am afraid is tied in to deep with past business associates. jmho
I wasn't talking about yahoo mb.. I am talking about people onCNBC, Bloomberg, etc.. Who cares about these boards
In a public forum you must declare how many shares you are long or short and at what price.
they are doing this because something big is coming soon. They know the news before any of us do. If this were going to zero then they wouldn't of covered but probably added to their short position. Chanos was in the process of covering when he announced he was still short VRX. It is all a scam. The delayed filings are just an attest to that point. Real time information is all that matters. jmho
that shows by the 23% reduction in the short interest over a 2 week period. Something is up. Retail players, long or short, that big money knows whats going on weeks before they do. They are the sheep.