Heron Therapeutics Inc. (HRTX)

[crammerfool]

Shorting and net players.

I am not sure what you mean by net sellers as I can think of several meanings for 'net'. Can you please let me know more of how you mean that. Thanks!

Also I am a little surprised in how it closed today. Today was not like the last several days in closing, yet the volume up to the closing was moving the same that I remember, but in the last minutes they were not climbing and more seeming to be holding down with new shares being introduced into the market.

I personally am more surprised that we are not closer to 2 or above at this time, my feelings on where we should be at this time.

The last time I checked this stock to see how many shares were still available to short, and on 3/5 it reflected around 65,000. As of now in checking, I am seeing only 1,000 shares available to short. I am guessing the reason we are seeing these shares falling is due to the shorting. The prior two days we were seeing someone(s) buying up shares at days end, my guess on those in them two days was to cover anything they may have shorted in the day, but this is only a guess on my part. I am definitely no expert on this but my thoughts on what happened.

The reason I feel this is being shorted recently is due to how we can sit at what was our support level (low 1.80s) for a long time and no one seems to want to sell, it only seem to want to move higher and I could see in Level II that not many wanted to trade under 1.90. From seeing Level II and 64,000 shares more being shorted since 3/5 makes me feel someone is trying to drop this down. For what reason I am not real sure, but if shorting was not occurring then I think we would be over 2.00 at this time.

I would not be surprised if we open tomorrow on a rise at first. From there it is hard for me to tell at this point.

My posting from 3/5 showing the 65,000 shares available to short
Shorts on this stock. 3-5-2010

Todays numbers are shown from this site and the exchanges that they are looked at for available shares as I understand it.
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?key=appa&cntry=usa&tag=United+States&ib_entity=llc&ln=
Symbol: APPA
Availability: 1'000
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