With short side previous to Friday at 25%, and all new shorts taking positions Friday, I think you could see an epic type squeeze, considering the huge institutional ownership. If none of them dumped Friday I think this easily goes 20+.
Scratch my idea! Congrats, especially to those that added, or opened new long positions. I didn't have the nuts to buy on Friday. Seemed extremely "heavy" ...I was pretty sure bad news was on horizon. Good luck all! Likely to squeeze huge short side hard and fast.
If any one cares to comment, would love some constructive feedback.
Mkt cap back at Jun 2013 lows was ~180M. At present market cap of ~420M, stock price would have to go to about $6 to match up to the 2013 low of $9.80. For those that know this company, do you think thats a possibility, if indeed the adcomm was cancelled for dubious reasons? I'm trying to ballpark a valuation of worst case scenario. My calculations are back of napkin, so might not be to the penny, but I think I'm pretty close unless I have missed something.