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42Delta

03/26/14 8:53 AM

#79232 RE: read_this_n0w #79216

EXEL down hard on the interim results this morning. IMO the results were as expected but that's obviously wrong. Possibly the time now needed to approval has everyone exiting. Trading at 4.60 now which is pre-run-up level. EXEL is 85% institutional owned but also a very high short interest adding to the impact.