FSLR was up 50% in one day because they raised guidance and the shorts ran to cover. If HOV raises guidance it will happen again.
Remember what just happened with FSLR with a similar short position. When they raised their estimates for the year the stock went up 50 %in one day fueled by short covering. I have a feeling that based on what I see in Home builders HOV will raise guidance.
This very unusual. The snapback could be explosive. Don't forget when HOV was asked a question at their last conference call about raising money in the 5 something area they said we wouldn't raise money at these prices because we think 5 something is too cheap. That gives you an idea about what they think earnings are going to be going forward.
3000 patients ( the lower end of their range in the conference call) would be approx. 900 million in yearly sales or about 9 dollars a share in yearly income. Even if they miss what they say is the lowest end of their range of people who will be on Gattex the numbers are potentially staggering.
I'm having trouble getting it
What OMER needs is a very large buyer who holds back part of his buy order to the end of the day and then blitzes the short sellers. The short sellers have had it their way for too long. They should learn that they can't get away with this forever.
The last reporting period had 10 trading days in it. That means that an average more then 50,000 shares were shorted everyday. Thats amazing because it means that most of the sales on a given day in this last period were short sales.
Sentiment: Strong Buy
this is why you see pressure at the close everyday. Its a tactic of shortsellers to try to make the stock look bad at the end of the day. Its ILLEGAL. 2 million plus shares short is a lot to cover on a stock this thin. At some point its going to get very interesting on the upside.
Sentiment: Strong Buy
I know the game because I've been playing for a long time. It should be reported to NASDAQ because your not really allowed to artificially damage a stock in the closing ticks. Its a form of manipulation. Its relatively easy on a thin stock to knock down the price at the end of the day and make it look weak going into the next day.