about shorts, the way I see it is that all counter-bets (longs and shorts) will balance each other out to an extent in a certain timeframe.
We will probably see one of the following situations
Positive FDA decision
1) The same shorts who are keeping the pps down now will have to cover at a higher price. That action will catapult the pps higher after the decision.
Unfavorable FDA decision
2) The same shorts who are keeping the pps down today will probably support the pps thereby stabilising the pps fall.
It's events like the FDA approval that create a sharp pivot to the "certain timeframe" I referred above. You can choose a seat on either side of the seesaw or choose to watch the fun from sidelines. But remember, FDA is the pivot support to the seesaw here and it is right around the corner. We can hear it making it's decision anytime now.
Good luck to all.
All content in my posts is solely based on my opinion and may not be accurate or true. Please do your own research before taking an investment decision.