Absolutely, albeit not as big as say the Sirius XM short squeeze (article on my blog and seekingalpha, do a search for it on my site) but enough to give us a nice positive bounce. Keep in mind, once they cover, they typically leave their position meaning the sellers increase and the price goes down (takes a breather as I like to call it). So in this case, I plan on selling some of my position into the strength than buyback, if I'm right, and it takes a dip to where we will gain another leg up after.
But all that hinges on an FDA approval so lets hope they do the right thing...I never feel very comfortable when I have to rely on a governing body to make the right decision. We all know they should though. GL out there.
Mike
