Have seen this all the time..., Sep 1979, Aug, 1984, Sep 1987, Sep 1994, Sep 1999, Mar 2000, July 2000, Mar 2001,....May 2011.
What is so spectacular about this, generally (not alway and not all stocks) the post squeeze price continue to slide, as buyer dispair sets in, and burnt shorts are no more interested.
Short interest was about 2.2% of outstanding (23.8M/1.16B) stocks. If you follow Ichimoku, you know it all, as the cloud disappears doom sets in.
Look for 42.75 and potentially 47.50 hitting. However, this is pan Pharma so nothing new to Lilly. This aggressive move into pharma indicates two things: extreme economic event and extremely bad political environment (2012 race).
What is so spectacular about this, generally (not alway and not all stocks) the post squeeze price continue to slide, as buyer dispair sets in, and burnt shorts are no more interested.
Short interest was about 2.2% of outstanding (23.8M/1.16B) stocks. If you follow Ichimoku, you know it all, as the cloud disappears doom sets in.
Look for 42.75 and potentially 47.50 hitting. However, this is pan Pharma so nothing new to Lilly. This aggressive move into pharma indicates two things: extreme economic event and extremely bad political environment (2012 race).