Perhaps that need to short more was them attempting to keep a lid on this. Desperate people will do desperate things when in trouble.
imagine where this stock would be if the shorts weren't leaning on it at every turn.
I seriously doubt that this is their last shot but I do think that their expectations of what will happen as a result of this will be a disappointment.
One more thing them bring this guys name into the picture won't benefit them much if at all in fact it might hurt them.
Than again I have been wrong before.
Don't know who thinks that someone is stuck with that number. When you look at the short interest for the bottom of the covering earlier this year you have to wonder why more didn't cover and if that number was the holdings of mostly one party.
Than when you watch the numbers start to climb even into those impressive earnings for Q3 release and ever since you than have to wonder if most of this short position is by that same party. Further the amount of shorting seems to have increased here in December so for me I have to wonder just how high the short position is for this "possible one party" or have they used December to stick it to someone else by covering into this new attack.
We will have a clue soon but still a ways to go to find out.
Lets try this for size and seriousness of the short position.
Say there are 20 million shares and they shorted at $50 average to me that means they have a heck of a lot of money involved here.
This kind of money is large enough to make a desperate person go way out on a limb.
Do we think there is a tie in to Citron here?
what do we have on this topic?
Sorry meant to be another 10 years of experience not 120.
A 30 year old running this company?
When I think about how experienced my son was at that age and what he was capable of doing I have to wonder if this guy is in over his head.
Seems to me that this guy probably could about 120 years more experience before taking on such projects.
Your header says it all.
Interesting, when has a phase 1 drug made it through approval in just 2 years?
I think it takes at least twice that long.
A lot of it is nothing more than commonsense and match.
At this point most of the institutions know that loaning shorts shares is nothing more than giving a license to them to hit the price of the stock time and time again. So when you loan them you already know that they will hit it and are likely to think twice this time around.
Secondly, there are only so many shares in the float and the percentage short at this time is fast becoming a very high number by historical standards for most stocks.
Yes, I know that QCOR had a higher float last year and that number was far above the norm for most of these. Btw, remember how that worked out for them.
For a lot of them it wasn't a pretty story.
Imo, they should be as the institutions shouldn't be as ready to loan them as in the past.
Imo, the shorting will slow down if not now it should happen by the end of this year if the pace continues.
Remember there are only so many shares available and the percentage here is high when compared to most short positions.
You have to wonder if Citron is the ones that never covered the 10 million short shares last summer as the price skyrocketed.
Maybe by now they have themselves in a larger position and a bit more of a problem??
Most guns only have so many bullets in them and than you reload.
At some time getting shares to short becomes a problem here so you might cut back and use them more sparingly. The same with lying stories.
Trying to guess what they meant by that remark about seeking alternative to the low stock price doesn't get me to them buying another company. As I see it they will have their hands full for years to come with the purchase made last summer.
I'm, more inclined to think they are about to do a dutch tender or something else and I don't rule out shopping Questor to see what the company would go for in a bidding process..
Hmmm, maybe stock is getting harder to borrow?
Or just maybe people aren't falling for the Citron lines and refuse to stick their necks out and get stuck holding the bag??
Than again maybe they paid attention to those remarks about the board looking for strategic alternatives meaning anywhere from selling the company to a dutch tender auction for maybe as many as 10-15 million shares or another acquisition or at least several more things that are available to them.
In anycase its early in the day and we have seen all this before.
A lot of what you say is true. But there were a few big moving days where the stock jumped bigtime for no reason whatsoever and than the next short report showed the numbers down.
The real deal here is anyone short this stock back in May, June and covered at the very best gave back their gains and those that shorted on the way down got hammered. All speculation of course.