Re:Re:Charts:Imugene, page-13

Good analysis Slick but I still don’t agree with you on this amount of short interest not mattering. Keep in mind the price move on the dive down from the 14 area was on a sharp rise and rate of change in total short interest. From the end of Nov the reflexive rally back up to the 13.5 area was on a sharp drop in short interest. It tells me the fast money shorts are very itchy. The total short interest of 1% my not seem high but concentrated in several traders hands it is as they showed us in the late Nov early Dec rally. On this move down you have a divergent high in total short interest while price is not making a new corrective low. If the shorts can’t take out the 50% retrace my bet is they cover fast again. Keep in mind there are 2 dynamics and time frames being trading. The bigger money long term fundamental players who are just sitting back on the bid taking them vs itchy shorts looking for a quick buck. If they can’t get this area to fold then with the divergent price and short interest things might get interesting.
Just one old mans opinion.