Preet Bharara, precedent setter, for president!
Unfortunate for the country that he was born in Punjab.
I have no doubt, personally, that SAC Capital was part of the financial muscle network shorting/manipulating PPHM over the years. That network will unravel, fast - hedgies have always eaten their own. For hedgies it is no longer a matter of hanging together, probably more like who will hang the highest and longest. A pox on their manses!
Preet for president!
Today we have 5,000,000 shares shorted since 7-1-13, probably due to hedgies accommodating their index clients, and probably a legitimate short. The highest possible short in this time period is $1.55. I believe that, if the latest shorts cannot break the pps, then they will have to defend their short and the short interest will continue to climb.
PPHM pps is in the catbird seat!
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