PANC
LONG HERE
posted by 417571 at 1:09 PM
A situation in which the price of the stock rises and investors who sold short rush to buy it to cover their short position and cut their losses. As the price of the stock increases, more short sellers feel compelled to cover their positions.
2 Comments:
This think is going to 15-18 soon.
Will be bought out in my opinion
I agree that Panacos is a likely acquisition candidate. The FDA is extremely interested in this little company and is rooting for them. Maturation inhibitors, a class of AIDS drug unique to Panacos, show up in all sorts of FDA presentations on the state of AIDS research. And the biotech sector as a whole has been beaten up long enough. Where else can one find such explosive growth potential?
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