GREY:IMVIF - Post by User
Comment by
GorgeousGeorge1on Feb 07, 2019 2:05pm
117 Views
Post# 29333592
RE:RE:Another tricky day
RE:RE:Another tricky dayWe don't have much short interest at the moment which is good, I think it's only a little over 10,000 shares short in a pool of ~50m shares, tiny compared to others. Need to hold around this 6.80 level otherwise the chart is looking ugly. We're sitting on the shoulder line of a head and shoulders pattern, I personally don't trade these patterns as they can be unreliable but others do. Really hope we can hold here. Not sure what's behind the selling, it doesn't look like manipulation to me, possibly people going risk off before Merck results and a looming dilutionary financing.