I think the smart shorts got out over the last few days. BUT there's many more stupid shorts who didn't so the real short squeeze could be driven by better than expected earning on Monday. Technically, 40 looks pretty easy from here, then if things get crazy good, 42 later next week.
Hit a crucial technical level today on strong volume and a bit of upside conviction against a negative market. This level is the Alamo for the shorts. It's incredible there's so many of them. CALM should be a soothing quiet stock. It feels like whatever hedge funds are short started a controlled bail today but earnings could create a rout next week and shoot the stock up to that 42 level???
I'm long MO up to the top of it's trading range. Since this is basically a political forum, here goes. The 'tea party' and other conservatives talk about the basic principles of our democracy and how they cannot be compromised and yet our founding fathers were all about compromise. There would be no Declaration of Independence or Constitution or USA for that matter if everyone of the founding fathers didn't compromise their basic beliefs one way or another for the general good. So when people like Ted Cruz compare themselves to Jefferson, Washington, etc. they're kind of missing the point of who those patriotic Americans really were.
Held CALM years ago for some good gains, back in again. Any ideas on the reasons for these large price bounces up and down, w/o any real news. The stock seems like a buy at these levels. This time of year has started bullish trends in the past.
With the exception of sudden political crises and black swan events the market looks about 6 months ahead. So the show me now attitude of the shorts is their death sentence. The market has started showing them the future and it's very bright for MNKD. The savvy shorts are leaving now, the others will have to 'watch and learn'!