I think the only significant covering has been yesterday afternoon and this afternoon. Shorty buying in the face of weakness--exactly the way a short is supposed to operate. A very good sign. Good luck to the longs.
So glad you're here, drfega. Thanks for saving me. I will be sure to sell my mother load of shares to you right now. Hoping to close out before Friday closes? The pain is just beginning. It's a great sign you're here! See you on the other side of 13.....shortly....shortie..
Cardiac, ophthalmic....eventually spinal cord....I agree rent talking 50-100. Take a look at Celgene's acquisition yesterday....
Trading so nicely...ahh...the mid day pause that refreshes with a small side order of low volume decline. Will the escalator restart after, oh, 3:30? Or will it be an elevator?
Wow. Approaching escape velocity--crack 12 on a Monday and 13 on a Tuesday? I think this must be shorts covering in anticipation of earnings at month end...or is it something more...time will tell. Perfect confluence of events with float even more sequestered in those new mid cap funds.
My take: stock is VERY impressive/resilient these last few days. PR for earnings is one week earlier than similar announcement last year. My hope is the quarter is in the bag and the stock will hit new highs on better than expected results. Shorts know this and aren't going to short into this, particularly without volume. Look for the stock to pop tomorrow as a few shorts close out before the increased short interest numbers come out this weekend. If they haven't increased their short position by 2+ million the numbers are rubbish. "MHO"
I dunno and your guess is as good as mine. Thinking 14-15, but I worry about oil and the general market dragging is down in the meantime...I don't know if that was a real buyer or a short covering at the end but it was good! My bet is short interest up 1+ million since last tallied...
Nice to close at the high of the day. Volume speaks volumes...whether shorties or smarties one thing is clear to me (obvious bias admitted): stock is going much higher. Blue sky is a comin' and it's gonna be here soon.
I agree str8. Those trades, though, were all probably negotiated earlier in the day and just executed later. This was responsible for the 'floor' under the stock we've had but these buyers are not here to support the stock, just fulfill their indexing requirements. TOMORROW will be telling--
...maybe...but there's always a slacker waiting until the last minute? I'm hoping for some big buys right at the end of the day but it's anyone's guess....
No idea but I do know it's a really wonderful thing to have obligatory buying of our shares right now--if not I think we'd be getting spanked around much more than we are! I have to wonder whether there is something deeper afoot supporting the share price, though. OWT do you have any thoughts here? Thanks in advance.
Yes and no in my view. If covered lived alone dictated price, ABC for example would have surged along with other pharm stocks. I totally agree it's a positive but it's not the be all end all. These grafts become annuities once the hospital/clinic is penetrated and success is demonstrated. Earnings are going to be solid. I'm just glad our MM let go of his fascination with the .69 price point and let it go. Great day.