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Biotech / Medical : Immunomedics (IMMU) - moderated

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erippetoe
From: scorman18/6/2024 9:03:29 AM
1 Recommendation  Read Replies (1) of 63307
 
SAVA shorting leaves me confused.
According to Matt, no covering and an increase to 19mill.
We are at the 52 week high, so all shorts before yest pullback are way under water. The reg show list has SAVA which supposedly has to be cleared in 13 days.
There are pros in that group, they have fancy charting sources, so I am speculating that all we see is NOT what is going on.
They must have put/call stategies in place to prevent catastrophic losses.
Anyone here have a better scenario??

ref:
What happens if a stock is on the threshold list for 13 days?

A participant of a registered clearing agency that has a fail to deliver position at a registered clearing agency in a Threshold Security for 13 consecutive settlement days must immediately close out that fail to deliver position by purchasing shares of like kind and quantity as stipulated in Regulation SHO Rule 203(b ...
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