Replies to post #102568 on Biotech Values

[oldberkeley]

Great premarket volume.Lots of new buyers

shorts are not covering but adding to their positions

Could not disagree more. High short interest reflects the skepticism towards the $25+ PPS, not the haircut. I'd say very few are shorting at this point, most covering.

[Shengli]

I also think the shorts are not covering but adding to their positions but this is only a guess

I maintain my morning sneaking suspicion !