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.
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.
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.
"...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.
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?
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.
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.
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?
btommasino: "PPS is down over 60% in the past 10 months all them shorts are rolling in dough, not so much the longs." - Have they covered? Did I miss something. The short volume increased and they are rolling in dough - might be true because when you short, you get cash. So they have the dough. But do they have profit? Don't you have to cover to profit? Minor detail.
Actually we learned to buy. Remember when it was $1.99 and oldtimers loaded up? Keep shorting buddy. We're waiting.
I think the biggest sign is when a major officer with the sole decision power steps aside. Al Mann stepping aside as CEO means the major roadblock is no longer a roadblock. Obviously he still has final say as the largest single shareholder.
now at 100.9M shares short interest. I expect that with attacks this past week, it is now 104M. Way to go shorts - Are you winning Yet? Is there a scenario where you can win without covering?
Just imagine if there were no shorts. I guess that's why there's no more short shares available. The mostly likely outcome is that short volume will be around 105M while pps has gone up. My prediction - shorts will create shares by issuing a ton of uncovered calls. Watch for the calls to go up this week.