I would definitely agree between shorts and accumulators.
PP and others and buying we have seen PP's Statement of Change... I expect we will see others.
I don't see anyone letting the share price go much lower than the current level. We saw what happened when it dipped below $5...
I believe we are on the floor...
I also believe our time at this trade range will soon come to and end.
Denner controls the timing with a substantive news update. When he is ready he will let the dogs out and shorts will have no where to go. Right now the reality is they are quite possibly helping he and his friends accumulate on the cheap and on the backs of retail investors.
Aside from sharing the sector downturn Ariad has been under the total influence of the huge short/hedge contingent which took place at the time of the crash. You are correct in assuming that the sp will not be allowed to rise until the shorts complete their departure and the parties interested in accumulating cheap shares have filled their positions. The fundamentals of this company have little to do with the current share price and that has been the case since October 13
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