RE:RE:NEWS...NDM NOT APPROVED...
You would have to be stupid to short a binary event like this. If they get epa to back off this stock is going at least 10x in a day, not to mention their will be a huge short squeeze. The chances are better for good news because if you are going into mediation both sides are willing to compromise giving a higher probability of good news. You would have to be stupid to risk owing 10x your short position to make double you short position on a binary event that is not in your favor.