in the next weeks 70 then 80
By offering shares to be sold at lets say 65, us longs will say ong is that all? I will then sell if I have a profit or breakeven driving it below 65. All along the shorts arent having stock bought from them at 65 so they are not shorting anymore shares. They are actually buying shares back as the longs sell covering their previous short positions, Remeber they will also get margin calls because of this increase in value forcing some to buy or put up more funds to satisfy borrowing costs. Either way this goes higher each week but not straight up. Other funds will buy upto Celgenes cost of 93,
They want you to ask yourself..Is That it? Maybe I should sell. Well in a few weeks it will be in 70s then 80s imo.
Shorts are trying to hold stock down seeking the morning sellers that will get out. They will buy these shares to cover their short position. Once the sellers are done, buyers take it slowly to 93+ as well as CELG in open market. They want to accumulate under 93 too. Because they will eventually own JUNO imo.
and all week long !
MAJOR NEWS ! MAJOR REVENUES $20+
Billion dollar market in US alone by 2017, double worldwide !
has relaxed regulations on top of tonights great news.