Let's see. Retail long owns 40% or 160M shares. Shorts = 100M shares + 50M uncovered calls = 150M. Ok I guess longs are holding a bigger bag. But longs can sell. Can shorts cover? When shorts cover they have to pay money to buy shares - and they don't have the money. When long sell, they get cash. So who is losing?
Just my guess. I should copy and add up all the call options to see it it adds up to 50M shares. But the two combined will make for good fuel. You know this is also why we are down.
kevin, doctors love the spirometry tests. It's more services to bill insurers. Easy money. The doctor's assistant will do it and the doctors rake it in. Stop complaining.
gambler, so who is winning - the shorts that are now holding a much bigger bag and can't cover? Or the longs that are averaging down? Are the shorts averaging down? They are?
"...Shorting this stock has been verrrry profitable..". Therein lies your misunderstanding. How can it be profitable if they have not covered? They make a profit by holding the bag???? It is in fact the complete opposite. They keep shorting more in hope of digging themselves out.
Great post. Glad Shkreli is heading to Rikers Island. Looking forward to seeing the rest of the shorts join him - at least those that don't decide to end their misery.
They have to get it down before the 2nd quarter ends because by the 2nd quarter, the sales figure will probably be a surprise. All the bad news is built in now so it can only go up.
But the shorts don't care. They can't cover. As I said. Ponzi Schemers can never get out of their scheme. the only time they will cover is for bankruptcy.
Good call. There was a hint - when Jim Cramer yells SELL and Adam F writes a bash article all within two days - you know they are desperados. With Jason Karp's failure. Jim Cramer has to step up. Tsk Tsk Tsk. It will go to 100M shares and the pps will be up instead of down.
He also said the former CEO's job is not in jeopardy, just days before they canned him. I agree with the posters here. The fact that he stated this means he is willing to negotiate for an acquisition.
Shorts bet Dilution was coming - 50M shares short
Shorts bet that the Adcom will vote Afreeza down - 60M short volume
Shorts bet the FDA will not approve Afrezza - 70M short volume
Shorts are betting Afrezza wil fail in the market - 90M shares short
I'll tell you why they are really shorting. They are selling shares to get the cash to pay off their banks and cocover for other losses. It's a Ponzi Scheme. It's not about anything rationale other than that's the only thing they can get away with. The only time they fold will be either BK or pps takes off and they are forced to cover. But cover for any rationale reason - they can't because they don't have the cash to buy the shares. They'll have to sell short something else to raise the cash but their bankers won't allow that unless they liquidate other short position.
So stop thinking why shorts are shorting more. A Ponzi Scheme has no other way to go.
william_gustinberg: "Most would agree that short sellers are much more experience and savvy than the average investor"
You mean the same shorts that shorted 70M shares that the FDA won't approve Afrezza? You call that smarter and savier? Speak for your own I.Q.
A letter to their investors? Why? Are they planning on asking their investors to approve something BIG related to Afrezza??
opc, I am disappointed with your shallow analysis. You know all expenses (your $120M operating expense) is reimbursed by Sanofi as Cost of Goods. You also know that "convertible debt" has mostly been converted. So what's left in your statement that is remotely correct?