just think.... we'll probably get a whole new group of the little morons here on the ole' m/b upon launch. heck... maybe still-the-whiner and the Zamboni driver will reappear. should be amusing... or irritating... or both.
shorts were also running out of shares to borrow I'd speculate and there must have been some large orders sitting under $15 all week keeping them from dragging it down further. the Baupost thing is just reposted old news... strange to see it show up today. glad to see KERX hold $16 at the eod. what should be interesting over the next two weeks is launch and options play... I won't even attempt to make a prediction right now... shorts can be tenacious here as we've all come to know. regardless it was great to see a little breakout and a mini squeeze.
fwiw... short volume today based on Mighty Markets was 354,680 (18%) and Short Analytics has 350,513
here was the lead up...
Dec 4, 2014 285,607 (29%)
Dec 3, 2014 151,362 (22%)
Dec 2, 2014 171,161 (23%)
Dec 1, 2014 150,930 (14%)
Nov 28, 2014 147,841 (18%)
folks gotta remember... even shorts use stop losses.
this must have to do with the patent
from the filing...
"Exhibit 10.1 through November 6, 2024
Exhibit 10.2 through November 6, 2024"
from yesterdays P/R
"This newly issued patent further enhances the Company's key patent family, which includes U.S. Patent Nos. 7,767,851, 8,299,298, 8,338,642, 8,609,896, 8,754,257, 8,754,258, and 8,846,976 which expire in 2024, and U.S. Patent No. 8,093,423, which expires in 2026, before patent term extension. Each of these patents contains composition and method of use claims covering Auryxia."
that's my feeling...
I've been in and out since shortly after the IPO... if I recall I was the second or third person to post here. Made a killing on the way to $18. This company will go places in time... it's just a grind right now and the big boys want to shake out all the weak fish they can before they let it go up. When it does go up... it LEAPS.
btw... part of me wonders if the move in AAPL on Monday was a canary in the coal mine. that company is Standard Oil big and far to large a component of the market. when AAPL finally drops... it's going to have an effect on everything. that being said... watch it run to $120 next week.
I find it hilarious how some people think I'm short at times. My #1 rule of not losing $ is NEVER SHORT BIOTECH!!! oh well...
Yup.... will be interesting to see if it can hold $16 at the close if the day traders bail.
never look a gift horse in the mouth my pappy always said... this is Keryx, they can take it down as quicker than it goes up.