Wednesday, October 29, 2014 12:24:22 AM
I've been long nwbo since last November and hate Feurstein. I never post cause I can't contribute much to the conversations here. But I starting to get a little worried about the increasing short interest. So I googled "hedge funds short small biotechs" and the first article that came up was by Adam Feurstein on the Street from this September. It basically says hedge funds short the stock to buy shares in the company's public offering at a lower price, and cover the short for a quick profit. I understand the game, but it's interesting that Feurstein wrote this. I am terrible with technology and don't know how to post the article here, but google it and it's first article.
Sorry if this has already been posted. I'm just trying to figure out if the price is gonna go down before it skyrockets. I just did a couple big side jobs and trying to figure out if I should buy more now or wait for a little.
Thanks
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