The last 5m shares shorted, 61m-66m are in the RED. Though a % was adding to positions by hedge funds who are NET positive, ALL or most retail are hurting. That is why we see board nats like codyredd and retaire vanish, they wait too long to cover. Codyredd was CONVINCED earnings Q3 would miss, and they beat, stock ran 2 bucks, HE HAS never posted since, unless he is indeed retire, a high probability he is. Once went MIA, the other showed up a week or so later.
Jane is ranked 49 on Forbes Richest self made women with 510m/1/2B net worth. Not bad for a kid from Taiwan who learned English as a second language.
Good one Miami, I do like Yogi BETTER. I was gifted a book of his quotes years ago, thoroughly a fun read. I have since regifted the book for someone else's amusement. Tennyson? DANG I thought I was quoting Michael Oher from the Blind Side, umm, LOVED Sandra Bullock in that, This Tennyson guy, maybe he saw the Blind Side and was quoting Michael? Maybe not.
These notes have been around a while, a fair amount have converted, do not remember/know the percent. Thing is, a large percent of the notes are owned by Dr. Frost and Dr. Jane, so not sure how many could have hedged. Type of project/info ICE likely has at his finger tips. He follows ALL that info closely. INSIDERS can not hedge, and my guess is no less than 1/4-1/3 are insider owned, umm, Dr. Frost DID convert a bunch of his a year or so ago. Yes, all others could be hedged, but NO ONE can know for sure, or how many. If I had to GUESS, I think 2/3 or in that range converted. Think this way, conversion price was I believe 7.15? or about that, they could have cashed out at 17-19 by converting, and many DID.
Yes they all died, lol, but in this case it is the sound of short money weeping, that is all I hear, that and the sound of the trumpets, the sabers raised, the margin calls ringing, lol. Fact is, just having FUN, up down, does not matter, been here 4 years, will be here no less than 2 more... So charge....
Rosh your head is stuck on volume, look at the volume when OPK ran from 10-19. Lift off on about 6m, then average volume until17-19. At MOST 4 days with heavy volume, shorts that were trapped and did not cover kept adding, and losing until they got a break down. NOT every stock has a single capitulation day by shorts, and we do not want one. They covered over months, dropping short interest to a yearly low, opk to 17-19, as they covered 2-3 million every 2 weeks. Go take a hard look. OVERLAY the chart to short interest table, with volume, it give a clear history of how the DNA of this stock, umm, volume has moved the stock. FACT is, OPK runs HEAVY on slightly above average on about 2-3 million shorts covering fueling each 1.00 move.
At an 8 month high, short interest rose by 15m at prices lower, umm, much lower prices. Into a new area that MAKINGS trying to dollar average that position dangerous, real scary. THE right trade is to COVER here, and now, step aside. This could get to 15, over the next couple weeks, and then BASE there before the next leg up. Now is when to cover, but WHY listen to the chart, short the CAP, as opk closes the gap.
Cannon to right of them,
Cannon to left of them,
Cannon behind them
Volley'd and thunder'd;
Storm'd at with shot and shell,
While horse and hero fell,
They that had fought so well
Came thro' the jaws of Death
Back from the mouth of Hell,
All that was left of them,
Left of six hundred.
Half a league, half a league,
Half a league onward,
All in the valley of Death
Rode the six hundred.
"Forward, the Light Brigade!
"Charge for the guns!" he said:
Into the valley of Death
Rode the six hundred.
11.64 is obviously that goal, umm, if long, and scary if short. Breeching the old 6 month high, 11.49, might lend support to spring board to about 12.25 in the near future, BID 11.65, as I type, into the gap, onward soldiers, fear no bears, horns sharpened, lol.
That 11.49 line which it tapped, has proven a ceiling over the past few months. Getting to it and not breaking through on the first shot is expected, once opk does get through that point, retail shorts WILL need seriously think about covering, and will likely fuel a run to low 12's. It has been a safe spot/area to add to short positions, but getting tenuous. Bid 11.32, market conditions not helping.
Every day you predict tomorrow OPK is going to go down, umm, Do NOT believe me, ummm, check your posts, you are TOO FUNNY. Opk ran to 14-15 last time on 3-4m volume.
stop the bleeding but not the pain. In Spain it is a two week festival, on the NYSE, it is always open season on bears. The opk bear hunt Season opened on Feb 12, no end in sight. Margin call band aid, stops the bleeding, but not the pain. Opko factor 7 hemophilia drug, umm, might work for you, : )~
They are doing, IS it bear season on CNBC, so I thought I would do my own, umm for yucks,: 0)
Well, as far as OPK goes bear hunting season opened on Feb 12, and is not expected to close this year. The population is ripe, so hunting should be easy, there are about 66 million known bears lost, meandering in the wood. Their FOOD supply is low, few shares to eat, LONGS are known to hoard them, put them in IRA's and NON margin accounts. There may be a few more of these bears to hunt, the data gets released this Thur., sure HOPE so. Intel has it that SINCE the season opened on FEB 12, the bears have lost 41.95% of their fur,, and before too long they might find little MARGIN for maneuvering around that edge. Scalp too much fur they get naky, but that is their choice.
So lock and get LOADD up longs, it is bear season, hear they make great rugs, umm, and can collectors.
Gets above 11.47 by WED if market stays neutral slightly positive, then SHOULD pop to 12, JMHO.
shell game, you can not beat the hedgies at their short game. You get the MARGIN call, they help create it.
think it ends around 10.18-10.25, umm, how is that for a safe call. WHO said UNDER ten, or TANK starts TODAY? Oh never mind, DO NOT answer that rhetoric.