We need more volume and to close above that $5.90, and hold, area that we've "kissed" a couple of times, imo!
There are very few short squeezes. Most of these large short positions are hedges put on by the bigs. The only people that get hurt in the plunges or the pops are the little guys long or short. This has to do with the players positioning themselves after the secondary. We're just on the train ... along for the ride.
Click on the flag option and it drops down report abuse and ignore. I suggest you do both!
Exactly, pepsi. I've seen it numerous times in biotechland. We knew that's what was happening a long time ago. But, I'm not sure they can wring much more out of this turnip, so we churn and wait.
The past couple of days have spooked buyers. While we haven't been that volatile with the market, there has to be a reluctance on the part of anyone looking to put $$ to work. Gotta make it through the next couple of months. Pepsi may be right about retesting recent market lows.
Appears it's staying in that $5.20-$5.95 channel for now, doesn't it?
OT: Anybody watching the little "spec" stock I mentioned here last week? OCAT? Shorties got goosed!
Actually turned and is positive. Might be a process as opposed to THE bottom, but it's encouraging. Might even be short covering as there hasn't been back to back 300 point losses since 2008. Hardly the same situation . Both IDRA and TROV are in much better shape fiscally and progress-wise than 12 months ago.
We've bottomed. This is when shorts come in handy. They know this is a good time to cover, so that's where our support is coming in. Nice to see. And, the "bots" are probably trading us in sync with the competition who is trading on positive news today.
There is no margin selling here. It is not a marginable stock. Now, the overall market might be a different story.
Actually 25% of the S&P are already in Bear territory. Today it's the leaders, high beta, taking the markets down. People selling what they can to lock in profits. Much ado about nothing or the real deal? Who knows. Probably time for Wall Street to profit off the small guys, AGAIN!