We have picked up a bunch of jerks in the last few weeks during the OMER rally! One the other day said he felt good with his short sitting at $6.50 and OMER was above $9....he must has skipped basic math class. This company has great potential and has gotten past some rough patches in the road.... the short interest has been over 6 million for a while....last count the middle of September..... I have no sympathy for the slugs that shorted this stock excessively.
As of 9/13/13 there were still over 6,000,000 shares short.... the only certain thing is that some have covered....you are over $2 per share under water and are glad about it. Something wrong with this picture?
It seems that every time Omeros puts out news, the shorts get in there to punish them. I hope OMER is smart enough to make sure no illegal activity is happening with their stock trading. At any rate, nothing much should happen until they bring a product to the market or negotiate a license agreement. Sad but true!
One thing about shorts..... they represent a significant % of the outstanding shares...... sooner or later there should not be enough available to short..... at that time their hands will be tied. Having said that, I think it could be possible that some of the shorts could be naked shorts which should be illegal, but I certainly would not put it past them.
SEATTLE, Nov. 13, 2012 /PRNewswire/ -- Omeros Corporation (OMER) has noted the fall in its share price over the last week of trading. Omeros is not aware of any reason that justifies this decrease. As disclosed in Omeros' recent press releases and its Quarterly Report on Form 10-Q filed on November 9, 2012 with the US Securities and Exchange Commission, Omeros' business, including its clinical programs and its preclinical pipeline, remains on track and the Company is pleased with its progress.
That is what I have been thinking for some time. With the current low volume the traders can manipulate the stock at will. I will have no pitty on them if they are forced to cover on a short term basis.
Noticed that short positions increased slightly from Aug 1 to Aug 15. As successful Phase III info comes available during the 4th quarter, we could see a very good run for OMER.
Yes it is baffling.... the shorts report will be out Thursday and we will see if it went up or down. Shorts have been hurting OMER. This is a very good stock with fantastic potential.... I will buy more when they quit screwing with the stock.