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Re: The Borg post# 6083

Tuesday, 01/06/2009 5:58:38 PM

Tuesday, January 06, 2009 5:58:38 PM

Post# of 8473
I think that the price action has everything to do with
market participants and very little to do with fundamentals..
The recent upward action from 6, i think, is due to a
near total withdrawal of liquidity for hedge funds that
specialize in shorting stocks....simply there arent currently
many participants that are shorting these types of stocks...

Furthermore, having a strong shareholder base now with
Efficacy and others..the current short position is having
a very hard time covering.....lets hope that real fundamental
data, results in BP having an interest in partnering or
buying the drug(s)..until then enjoy the upside action
while it lasts....
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