$heff's $tation of $tocks & $olid DD

[trade2much]

EXEL jmho 39M traded as I write. 50% buys = 19.5M buy vol.
If I assume that 75% is short covering buying that would dictate 14.6M of 24M have covered. We started with 24M shorts according to FINVIZ, so if 100% were to cover we still have 9.4M (guesstimate) left to cover as of this writing.

Further 19.5M of the volume is sells most likely 90+% coming from the new offering of 30M (after the recent blood bath). That would say that .9 x 19.5M = 17.5M shares of the new offering is gone and 12.5M left to sell.

If the shorts totally cover, and retail has kicked in then I guess the floor should be in very solidly as of yesterday's close give or take.


Just a real SWAG - but it is my current theory. Now that and a $1 gets you a coffee. lol

Keeping my fingers and toes crossed that it is correct, but whooooo knows?