*********** VVUS short intrest ************
All those waiting for a short squeeze! Wont happen!
03/98 10,753,122 1,091,241 9.85 02/98 10,581,126 1,125,249 9.40 01/98 9,065,596 1,268,940 7.14 12/97 10,211,586 1,776,611 5.75 11/97 10,013,076 1,616,854 6.19 10/97 9,443,714 1,877,101 5.03 09/97 10,266,009 810,309 12.67 08/97 10,381,698 867,672 11.97 07/97 10,770,875 1,602,899 6.72 Stock split 06/97 11,138,174 1,809,586 6.16 05/97 9,830,382 1,644,606 5.98 04/97 9,766,924 2,420,068 4.04
As you can see for the past year the short intrest has been around 10 mil. In that time VVUS has gone from $10 to $10 and back and still no short squeeze! What do you think happens? Well just like the longs who sell out at the highs and re buys it back in the lows, the shorts cover in the lows and reshorts in the highs. It all has to do with WHAT YOU BELIVE! Manipulated short squeezes like in ZITL/IOM etc only happens for very short period of time and the price comes back down just as fast.
But VVUS is worth more than 10 so it is a buy here. |