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Biotech / Medical : Immunomedics (IMMU) - moderated
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To: gonnahappensoon who wrote (8096)10/29/2009 10:47:23 AM
From: idahoranch1  Read Replies (1) of 63329
 
<<.today 120K shares traded so far....meaning it is much easier to manipulate.>>

I don't disagree that it is still very susceptible to manipulation, because I suspect the shorts are big enough that even on good volume days they have the horsepower to sell big into it if they want. No evidence of that today so far.

There are some big offers, 10,000 to 13,000 being taken out pretty quickly. Someone is buying in size.

I still believe that when all this shakes out, institutions will have increased their ownership percentage by a lot, shorting or not.
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