RE:RE:RE:RE:RE:RE:Get ready to buy on today's dipFred, I could be completely wrong but I don't think it's short selling but from a large long position. They take turns selling enough or offering enough to keep it down or make a few pennies and then take turns replacing it. So there's no risk being caught short just missing out on bigger profit if news comes before they can replace what they sold.
We are not talking about massive positions here either. Guys I traded with would have no problem being long 2 million shares at these price and on multiple stocks by the way so if someone is selling 500K here there is no real risk even with a halt because you would still have 1.5 mil.
Funny you mention 'certain knowledge' because these large long positions probably are aligned with us but just have the werewithal to profit a little while we wait. Otherwise we would see more sellers and more aggressive selling. You also mention the Quarterly update, I think they need to move away from that to more frequency but I don't run the company.
fredgoodwinson wrote: Squaring books with each other after the shorting spectaculars of the last few years? Had crossed the mind but still puzzled as to how such large short positions could have been taken for so long in the absence of the CERTAIN knowledge that no nice news was going to be dropped on them??
Back in the day and before our beloved Quarterly updates there were frequent and sporadic encouraging anns on preclinical progress any one of which would have caught them with their shorts down.