This chart represents my view of the near term increase in price per share of Ariad Pharmaceuticals. I am long shares (small position) and am planning on adding significantly in the immediate future. Ariad has been through a couple major events recently and are in the midst of recovering (part of) a large gap-down that initiated in October 2013.
I believe short interest has played a role in the recent share price decline and some of the short interest is "hanging around too long" and will be forced to cover at higher prices in the form of a "squeeze".
I am expecting the price per share to be at or above $10.00 by the end of February 2014.
Comments
rsarno
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Love your charting style, would love a current reading on ARIA based on activity since your (accurate) reading below. Thanks!
I4
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bought at 7.75 today. Made 26% I hope you did too
BillyStaples
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Dgdg was wrong!
DgdgdsList
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"short interest is "hanging around too long" and will be forced to cover at higher prices in the form of a "squeeze"
There is absolutely no reasons for the short interest to drop
snoooop40
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No? Are you saying there is no reason for the ~45 million shares shorted to cover when the PPS starts to move up significantly? I'm especially thinking of the "new" 12 million initiated between Dec 13 and Dec 31.
snoooop40
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Oooops. Meant February 2014.
snoooop40
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Oh, and also meant Oct 2013. Sorry I don't know what year it is...