No. Don't rely on short convering to send USRX higher--that's not how it works.
First, shorts don't panic because a stock is up 10 points. That's nothing.
More importantly, even if every short on Wall Street covered tomorrow, USRX will not move higher. USRX's share price is no longer determined by its own activity, but COMS's. Now, if COMS faces a major short squeeze, it will go higher; and in turn, USRX will move in sympathy.
Also, it would be intereting if someone else came in to out-bid COMS. If that is the case, USRX will sort of continue to move with COMS, but also on its own merit.
Sal Habash |
