VirnetX Holding Corp (VHC)

[joezapp]

I'm hearing that the problem isn't shorts. It's a lack of buyers. The market for VHC is dominated by sellers right now. It started with "sell on the news", it continued with selling by those who wanted to salvage their "quick turn", and now I think there is some "throw in the towel" selling.

While I'm disappointed that the stock didn't take off, I would expect a basing in the price followed by a steady ascent with the realization that this judgement was a terrific win for VHC. Upon that ascent, the shorts will start covering to add to the gains.

I'd like for Cowen to speak up about this, but they may have dropped coverage. I'm showing no analysts at this point, which doesn't help.