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Wednesday, August 12, 2015 12:38:52 PM
BUT they will at a price.
With the growing issues of China and two back to back days of yuan devaluation, IF you were a short looking to cover you'd wait for nervous nellies to unload early in the day and decide when it's gone down enough to activate covering especially when there is some size.
So it would appear that the downside is limited based on the above barring news of substance. The days of higher beta than XBI are hopefully over.
Understanding possibly the mindset of the key players here that drive the stock: Shorts Mindset versus LP+Woodford+Branko + others vs that of micro-analysis here trumps all IMHO after ASCO as retail float RECEDES evidenced by greater than avg daily volume (in past was say 350K)
Will ignore wise guys questions.
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