What is a short squeeze?

Been a while since I posted and many have asked about what is a short squeeze so I decided to do a blog entry to make it easier to explain how these work.

What is a short squeeze?

A short squeeze occurs when a stock that is shorted has its price start to rise quickly, this make shorts close their position or face larger loses.  This is because traders who short also known as shorters only profit if the stock price drops.

Now a shorter's losses are the short squeezer's gains, because the short squeezer is able to force the price to rise, buying into the stock and selling as it peaks higher and higher which drives the cover price up. Straightforward and simple but why doesn't it always work?

A short squeeze is not without risk it requires all buyers to sell on the ask or higher this will drive the price up as shorts clamber to cover.

Why this fails is because shorts will try to dive the bid with sells to try to scare longs into selling. If longs bail early by dumping the bid it craters the stock and shorts get out of a trap. Shorts can only borrow so many shares of a company that is the short interest percent once there are no more borrows they can no longer sell the bid. These crowded shorts happen often in low float stocks with an already higher than normal short float.

Supply and demand shortage is what fuels this.

What to look for as a short squeeze candidate?

Short interest sometimes the higher the better. It is the number of available shares that have been borrowed and sold short. I look for over 10%

Days to cover this is a key factor because if the volume is low this will raise the price parabolic so the higher the number of days the better.

Stocks that have a known history of spikes these are usually stocks shorts have been squeezed on before.

Recent news or a promotion. News could be anything from a company press release, a SEC filing within the last week to 2 max or even another company in the sector. A current promotion of the company whether paid or uncompensated. While news has a stronger weight a promotion can also move the stock parabolic.

Price point of the short. This was exemplified when an entire chat went short Resolute Energy Corporation ($REN) at $16. That was the intraday support thus many closed their short and flipped long to create a squeeze on that group which topped out at $23 over several days and now the stock is over $32 time of posting 100% price increase.

That was a successful squeeze.

REN Pump Confirmed via Northland Securities

Not going to waste your time or mine going into a big I knew this told you so just a matter of time speech. Just going to be short and simple REN Resolute Energy Corporation ticker $REN has been confirmed as a pump by at least Northland Securities who issued a price target of $35 on the high only thing bulls see and $12 on the low.

https://twitter.com/MintCapital3/status/773191776270245890

 Good luck trading this long or short get protection

My Game Plan (MGP) for shorting $REN Resolute Energy Corporation

Resolute Energy Corporation (REN)

Why the short position is a no brainer?

First off let me start by saying had I known the stock would move as much as it did up I would have taken shares long first to use that profit in the short back down. I call this a #TarzanTrade such as with $CORI

 I expected an up move but not a 30% jump otherwise I would have been long first.
Look it up on Twitter I coined the phrase #TarzanTrade and pretty much only one who has used it for trading both directions around a pivot. Usually up first then down

Before I start to get into this trade and in the manner of full transparency I am currently short $REN as a swing, I have been shorting it daily from last week as a daytrade due to this ticker being up on no real strength other than just a bad short entry and the squeeze. https://twitter.com/Osirustwits/status/769168758854209537

this is not a typical post about the company or the ticker. This post is about how I am now trading it because I see too many who have gone forward and followed others or a GURU which is something I never claim to be and are now drowning or worse covered for 4 digit loses. Reading 1 guy has blown up 97% of his account hurts. I was once in those shoes but I have evolved and adapted as a trader now. Hopefully this will help you too.

5 rules to shorting a stock

1) Are you shorting the chart or shorting the company. 2 different trades know which you are doing don't confuse them

2) Know your risk a tech short should never be more than 10% your capital to start never more than 33% ever

3) Never let your risk move over your reward that ratio is key for being profitable

4) Does the company have any options if so yes watch them if not watch volume.

5) Never short before the first red day as the next day gives you a pop to short but also gives you a clue for the trend change.

6) Stick to your plan of risk reward and put the emotions away money has no feelings and no loyalties.

On Sept 2nd 2016 I entered a swing short on the fundamentals and the over extension of the chart I announced I would do this the day prior. https://twitter.com/Osirustwits/status/771464873716744192

I had no borrows the 2 days prior thus no trade (hindsight that was a blessing).

Now brings the reason for this post too many don't understand what the term protection and having a stop in mind are.

The stop is to limit the amount of loss you can take if a trade is going in the wrong direction. Too many are just adding and not taking size back off in the drop in fact they are adding at the bottom of the drop and not the top. In fact an entire chart is rumoured to have shorted the $15 break and the price action and this post would lend the strength to that http://stocktwits.com/message/61397722 

  (but what do I know "Elitedaytrader" AKA Luke Murray by some said I am a twit the squeeze was already done.)

This mindset is bad very very bad as each time you add to your short or cover you are borrowing or repaying your borrow on shares. How do you do this? You exchange money for shares yes you give those bulls more cash aka ammo. This is the opposite side of what I call the short swap on a break out where you have the long position and are selling/lending to shorts. Thus each time this dips they have enough cash to buy up and squeeze shorts, mainly those shorting the bottom of the chart, who in turn cover at a higher price fuelling the move back up as other longs join in and it breaks upward. This pump move started under $6 to be conservative so you can see the avg price for these early longs is far under the stock price.

So how do you protect yourself against this type of move and still short this manipulated ticker? All that goes up must come back down theory is strong on @Stocktwits. You first off don't short where support is short way above at resistance, cover into support and re-short under support once it cracks with a stop breaking back above support. This is what I have been doing as a daytrade it works very well with very high success. If you remember 1st time I broke that rule was on $KBIO https://twitter.com/Osirustwits/status/667065707503337472

 also a crowded short. Second time was on my short of $IO Ion Geophysical also a manipulated push took a $1400 or so loss on that before I shorted it back for profit down. I was not taking a strike 3 on breaking my rules.

I bought option September 17th 2016 $16 and $17 calls 10 and 20. Each call is a lot of 100  so using these calls is how i am basing my risk. The price goes up in my short I avg up and cover down into a drop to get the lower shares off and my avg up. Worst case my short moves against me by $3 based on my avg now I call my options and get out for $17 plus fees. This is called getting protection those calls were $1.25, $1.70 and $1.85-2.00 when the price jumped but the options didn't move I shorted the pop covering into the drop. I was underwater on my short so I had to get my head back in profit or closer to the surface and i covered as I was over my account comfort. Some see that as scraping I see that as repositioning due to a squeeze without panicing. I think the algos on the options are smarter and faster than I am and yes I know stocks and options don't move in unison. All profit from my shorts on the day goes to buying protection and if this moves high enough I will swing puts from that profit too.

When I said this trade was based on fundamentals now I was serious about how much I put into a fundamental short technical shorts are never with this much effort, size or planning. this doesn't even include the DD on the company nor have I or will I touch upon that at all in this post. Once you have added that yourself see if you agree it is a no brainer short but where and when do you enter? That is the key.

I just hope anyone who is short has done the proper homework and has done a due diligence of more than just it is up on nonsense, as yes we all know this but the market cares not for what we think. Algos have no emotions and no morals neither do insiders who dump into a man made rally.

None of this is an indication to buy sell or anything else it was just how I am trading my money with my risk and reward. trade safe.

My broker and the platform can be seen here https://twitter.com/Osirustwits/status/738064508392902656

The joke that $LTRX called an earnings call is catalyst for a short tomorrow

The joke that $LTRX called an earnings call is catalyst for a short tomorrowbyosirustwits

So in short we made less money this year than last but got a $2 million Equity investment….so they covered debt and got shares?

Overall demand for their products have declined (might be because the Soc is only 256kb SRAM and just 512kb for flash competitor 10/100Base-T Ethernet Up to 640 KB SRAM for data, 1 MB flash memory for program storage and 2 MB serial flash for mass storage Up to 32 GPIO lines and 6 serial ports so already seeing this lag behind) which is a reduction of 5% but that is nearly a million dollars in cash flow comparison to prior year. This doesn’t add up.

Focus isn’t even on 2016 hence the weakest guidance I have heard/read in a long time and basically said this year is a wash but hold on for next year we only have 6million in cash but at the rate this will be 2.5

Non-GAAP net income was $121,000 or $0.01 per share for the fourth quarter of fiscal 2016 compared with a non-GAAP net loss of $575,000 or $0.04 per share for the fourth quarter of fiscal 2015 and non-GAAP net income of $189,000 or $0.01 per share for the third quarter of fiscal 2016.

Now turning to the full fiscal year, net revenue for the fiscal year ended June 30, 2016 was $40.6 million compared with $42.9 million for the fiscal year ended June 30, 2015. The 5% decline in total net revenue was primarily due to an 11% decline in legacy product sales, which was partially offset by 27% growth in new product sales.Gross profit as a percentage of net revenue for the fiscal year ended June 30, 2016 was 47.7% compared with 47.3% for fiscal year ended June 30, 2015. Looking forward to fiscal 2017, we expect gross margins to remain fairly stable.

Now turning to the balance sheet, cash and cash equivalents were $6 million as of June 30, 2016 compared with $5 million as of June 30, 2015. The increase in cash was primarily related to a $2 million equity investment from Hale Capital Partners in June and a $2.9 million reduction in net inventory. Sequentially net inventory decreased by $691,000 from the prior fiscal quarter. Working capital was $9.1 million as of June 30, 2016 compared with $7.9 million as of June 30, 2015. As of June 30, 2016 we had no borrowings on our line of credit.

Now looking forward, to-date most of the cost related to the launch of our New India Software Lab and the addition of sales and marketing resources has been self-funded by making tough choices and reallocating resources. As we continue to execute on our key strategic objectives during fiscal 2017, we expect to see some increase in operating expenses in support of these activities.

During the quarter, the new excitement and focus in our sales team translated into improved sequential results from all regions. We continue to invest in our sales force initiatives and we’ve recruited a number of new talented people to support our worldwide business. While it will take time for new sales resources to have an impact on results, I believe that we are off to a good start.

On the marketing front, we launched several new outbound campaigns that have already helped to contribute to increase demand for our SLC 8000 product line. Combined with our sales efforts, SLC 8000 revenues grew more than 200% over the fourth quarter of fiscal 2015, and we're up approximately 60% from the first half of fiscal year 2016.

Simply put we are in the business of delivering secure data access and management solutions for IoT and IT asset. Whether it is an electronics embedded IoT gateway that helps to securely connect a wireless cash register to the store for a sidewalk sale or an IoT device gateway that used to manage and access a water irrigation system in the city park or an IT management appliance that helps to bid the IT admin make sure that its network is operating smoothly 24/7 from anywhere

We fully anticipate we would likely encounter setbacks along the way but we are aligned on our plan for fiscal year 2017and have the conviction to invest in our strategy even at the times we have to trade up short term gains.

The journey is just beginning for us to build the new IoT data access and management solutions that will contribute to our long-term growth strategy. We believe that we have identified some interesting opportunities where we can provide new offerings that leverage our IoT know how and existing routes to market, whiles at the same time solve the bigger piece of the IoT problem. We have studied the market and believe we can offer a unique set of solutions with the different approach than others are using in the marketplace today. 

READ it yourself http://seekingalpha.com/article/4001678-lantronixs-ltrx-ceo-jeff-benck-q4-2016-results-earnings-call-transcript?part=single

IOT was the rage…2 years ago everyone is partnered or announcing partnerships and just now you are moving your focus to this but not till 2017.

After the call this began to sell off so to me it is not an earnings winner but tomorrow tells the story because it is upto the market to determine winners and losers.

So based on this crappiest of ER calls I am giving my first SHORT of the summer I know some who read this will short his company back down the manipulated mountain it climbed and I will be with you. Do you own DD and know that I have haters who will try to prevent this trade from being successful.

So to them I say watch the video below

PART 1 - OF WHAT HAPPENS WHEN WE TAKE SKILLED SHORTS INTO PARABOLICS. #STOCKS #PENNYSTOCKS #STOCKMARKET #SHORTSELL pic.twitter.com/DHonxHxZ3k

— SAVAGE TRADES (@SAVAGE_TRADES) May 17, 2016

VIA of @SAVAGE_TRADES

Short (Pun intended) and sweet DraftDay Fantasy Inc $DDAY Pump Alert

It has been a while as I have been busy but if you followed my tweets you haven't missed my calls. Just none were trades long enough or worth enough for me to sit down and create a blog about.

I now have one but this is such a blatantly obvious call the blog is going to be very short and to the point. DraftDay Fantasy Sports, Inc ( NASDAQ : DDAY ) formly $VGGL is a failing company that only hopes of survival seems to be in selling company shares with the help of promoters.

While many company do this on some level this is of concern when it happens so frequently and based on the SEC filings you can see why. #SEC10Q

Short and sweet this is a short if they are a decent pump team we will see this reach $0.70 as mapped out on the following charts do your own due diligence as this will involve some level of risk they did after all pay $30,000 to get pumped after getting a NASDAQ failure to reach minimum letter.

Based on the above I vote this is a SHORT not a squeeze. The hardest part will be finding shares.

Is it ethical for insiders to dump shares into self created price rallies?

The company in question based out of Houston, Texas is ION Geophysical Corporation stock ticker IO trading on the NYSE. If you were alive you would have seen the stock reverse split and then rocket after the company reported they couldn't pay off their debts but were going to stretch them out thus paying more interest and a higher rate for doing so. They have cut almost half of the staff through layoffs to use that new cash to inflate the stock prices from November 2015 to February 2016 and may now be doing so again. Listen to the call here http://edge.media-server.com/m/p/46en7wtd/lan/en

This was not positive news yet the stock went up in price it was due to 2 things insiders pushing the price up with buys and unsuspecting traders hungry for a rallying stock diving in.

When the dust settled it was apparent that with the help of promotion the stock moved to give a area for what we call a boxed trade. Where you buy around your position and sell above your position to give a false sense of liquidity to those who did not pay close attention to the price action and chart.

The major concern of this is simple historically the insiders have acquired and sold completely all of their shares and with the price being well above their average you can assume this has or will happened again.

I will make this short and to the point this company has dropped in adjusted weekly close value of $203.25 to $4.60 yet the insiders took home a combined salary of $3.92 million with the CEO taking 1.38 million himself. So when he filed that he added 70,000 more shares 50,000 at a price of nothing and 20,000 he bought himself for a total average price of $1.095 it would seem apparent that if the stock price should rally there would be a way to liquidate older securities that have now expired their vesting period. Might as well they were given for free back then too. In the last 6 months there has been an offloading of 267,200 insider shares but an even more alarming 9,311,000 shares held by institutions.

In the earnings call the company admitted to actively buying back shares in the last quarter to prevent de-listing at $0.15 do the math on how many pre split shares were bought using $3 million in the companies money from 1 off payments. Transcript here Seeking Alpha Transcript

How is that a company with a chart that is sliding downhill is shelling out such huge salaries for failures or do they not have to meet any accountability tot he shareholders sans institutions?

	2011	2012	2013	2014	2015
Relevant Numbers (Annual)
Revenues	454.62	526.32	549.17	509.56	221.51
Revenue Growth (YOY)	N/A	N/A	N/A	N/A	N/A
Earnings	24.77	63.32	-250.86	-128.25	-25.12
Earnings Growth (YOY)	167.25	155.57	-496.21	48.88	80.41
Net Margin	5.45	12.03	-45.68	-25.17	-11.34
EPS	2.25	5.85	-23.85	-11.7	-34.35
Return on Equity	5.79	13.33	-66.2	-64.61	-20.15
Return on Assets	3.82	8.47	-29.77	-17.31	-4.76

Don't let the earnings growth fool it it was a contribution of a few 1 time things, there is no light at the end of this tunnel yet but don't take my word for it.

Brian Hanson

"Thanks, Steve. Looking ahead we believe that the exploration landscape throughout 2016 as it impacts our business will be similar to 2015. As commodity prices continue to decline and as many of our E&P customers have still not yet finalized their 2016 budgets, we expect our first quarter to be our weakest with improvement expected in the back half for the year. We believe our current liquidity coupled with the results of our cost reduction initiatives will enable us to continue to weather the storm, we do not expect to see early signs of recovery in the markets we serve until sometime in 2017."

Due to this ugly chart, the cash trouble, over paid insiders, toxic refinancing, the stock pumping, past trouble staying above minimum listing price and a myriad of many other issues you can pick from this is clearly Short not a squeeze there will be bag holders on this. Let the dust settle first and do your own due diligence.

Republic Airlines $RJET will be business as usual not going anywhere but up (Pun Intended)

This is not usually an angle on a trade I would take but the harsh reality is while I am by history a technical short seller I do use fundamental analysis to back up a position to see just how profitable a trade maybe if everything hits. Most of my trades due to the time frame I am in them are on the intraday chart and price action.

To most this means nothing they can't read a chart they don't know how to do a value of assets check they don't even know what the chapters in bankruptcy are. Stop here if you don't know the difference between chapter 11 and chapter 7 and go look that up.

The stock in question is Republic Airlines ticker symbol $RJET; they filed for BANKRUPTCY PROTECTION under CHAPTER 11 and the as I said on twitter the stock is getting raided. The shares value tanked to a low of $0.495 from nearly $3.32 once everyone heard bankruptcy.

Don't get me wrong this was the correct play on the first day you get out as high as you can as an investor and you get in as fast as you can as a shorter but days later as I said let the dust settle you read things over and realize or didn't sell and notice the company is not closing doors they say restructuring
http://www.rjet.com/~/media/Files/CorpComm/FINAL%20-%20Press%20Release%20(3).ashx. KEY POINT: SHARE HOLDER INTERESTS WILL BE LOOKED AFTER

Republican has several issues common with many airlines right now under the new flight laws the pilot hours have increased from 250 hours to 1500 before they can sit in the cockpit as a first officer on a regional airline.

1) Republic airlines is a regional airline see the issue coming as it stands now we have a surplus of planes and routes to cover by contract but not enough pilots to do this.

2)They have contracts for route they can no longer maintain due to the new laws on hours.

3)They have orders for more plane to cover these routes they have contracts for but don't have enough pilots for them.

4)How can they get out of these contract and orders without incurring fines and extra costs to do so?

File CHAPTER 11 for the place under the tax code it rests restructuring this allows company such as airlines the opportunity to keep afloat and especially ones that are still PROFITABLE. Yes this company still turns over a profit.

If you look most airlines that went through this were bought out wholly or partly by the partner they were fling for in a time period of 18 months average. If you want to look at companies that took it in stride Air Canada under protection from April 1st 2003 to September 30th 2004 and before that United Airlines December 9th 2002 emerged February 1st 2006 even Frontier Airlines April 10th to October 1st 2009 and little Mesa Airlines January 5th 2010 to March 11th 2011.

Some say the value of assets and parts are even in the range of $10 a share that is a buy for that alone. For me the reason why this is a better long than short is the lowest price has been stable in the $0.60 cent range with over 400,000 share block buys someone is "raiding" the shares after hours. You can follow the money or you can do your own due diligence and see that you have something special happening here.

In tax law you can sell any share for a loss but you cannot buy the same stock back for 30 days. Smart money dumped and is waiting to buy this back for less than they dumped and use the tax loss against the profit. Yes sell high $2s buy back under a dollar you have doubled you money once everyone starts buying back in this usually takes 6 weeks. So if you aren't out now this maybe the best time to add shares of a lower float company that is on sale.

Know I have orders to buy in as my full disclosure.  As while this won't be a squeeze I expect 30% to 40% returns if I get filled at my price targets short term 200% long term from yesterday's close.

If you can file 4 times and be a front runner for one of the political parties in the United States you can weather this storm and emerge in a better situation than when you went in.

For further reading enjoy..

http://www.politifact.com/truth-o-meter/statements/2015/sep/21/carly-fiorina/trumps-four-bankruptcies/ 

The Oprah Effect can it short squeeze again

There are 2 sides to a trade LONG, the buy and the sell is one side or SHORT sell and then the buy. As a short sell bias trader I focus on potential dirty dark side of the trade opportunities.The one thing you fear shorting is the squeeze as you have to buy shares to exit your position you can be squeezed to buy higher and higher as is the case currently underway with $WTW Weight Watchers.

$WTW at last report has 17 767 000 shares or 64.42% of the floating (available shares) short. This is an epic recipe with up coming earnings reported end of today as a catalyst for the one thing that puts fear into us short sellers....A squeeze. After hours trading last night saw a 500 000 transaction go through at 4:04 for $15.36. That was one trade for $7 680 000. Why other than the size of the trade is this important? If you look at the chart you will see $15.36 is the bottom of the sell off from $20.

Using the mentality that former support becomes resistance and former resistance support you have a small pocket in the $17 range but skies are clear till $20. This could be a 30% return on your investment as based on the amount of shares trading average it will take 6.2 days to cover. We have hours until the earnings come out and we will see the true power of the Oprah Effect.

Weight Watchers is a well-known weight-management service which gained a lot of attention when Oprah Winfrey acquired a sizable stake in the company. In addition last December, Oprah announced a 10% stake and a board of directors seat.

But let's paint the time line first of the last 6 months of ownership filings
2015-10-21 Artal International S.C.A files 46.3% ownership at 29 443 300 shares
2015-10-28 Oprah declares with options 14.72% ownership 9 875 571 shares
2015-11-06 Cohen & EverPoint Asset Management 5.7% ownership 3 649 700 shares
2016-02-12 FMR/Johnson & Fidelity Low-Priced Stock Fund 32.6% ownership 20 744 100 shares
2016-02-12 First Manhattan Co. 1.23% ownership 78 479
2016-02-16 Capital Research Global Investors 0% Possible short position move
2016-02-16 Point72 Asset Management 3.9% ownership 2 482 595 shares

While these numbers pulled from the SEC filings reported http://www.sec.gov/index.htm may also include yet to be redeemed options.

With everything here put together in my opinion $WTW is a catalyst for a SQUEEZE not a short price action will determine.

Could Intercept Pharmaceutical be the Pump and Dump of the month or even the year

Intercept Pharmaceutical on the Pump and Dump watch

From pure technicals the stock did break out but it hit resistance heavily at $128.75 and has been down trending ever since 12:50 with the lowest price coming $92.45 3 mins after close on 18,570 shares 28.19% drop. Some dumped read on to find out why.

If you look back last month I gave a similar warning on Synaptics $SYNA you can see how that played out, Intercept Pharmaceutical $ICPT is now playing that same game.

With the earnings miss of $0.46 a share it proves that the company is not profitable even though they have $558.7 million in cash. Due to 2 reasons that money came from TWO (2) public follow ons in 2015 and they estimate a need of $400 million just for the current trials alone. Any new trials will require more funding with such a small float the dilution could be as much as 20% in share float.

Intercept posts SEC 13G listed 6.4% ownership = 1,567,537 on FEB10th NO PRICE listed for avg share means this is worthless information but you can bet the acquisition was completed in the price $91.44-$96.01 or much lower.  http://www.sec.gov/Archives/edgar/data/1270073/000142284916000618/edgicpt.txt

Less than 10% can sell at their hearts content into any pop which makes this an easy game, file 13G with no share per price avg, bump price, halt it saying looking for buyer, sell into pop, dump after hours if needed. Technical traders would have bought the break out and would not see the after hours drop on any intraday scans.

Based on this intercept is a better short than long because the fundamentals have not changed this still is not going to make any money till the FDA approves and that is not a sure thing.

Results weren`t great in trial but they were positive in using obeticholic acid as a treatment for primary biliary cirrhosis, or PBC, an autoimmune disease that causes bile acids to build up and destroy the liver.

Originally, obeticholic acid, also known as OCA, was slated to be approved (or given a complete response letter detailing what would need to be corrected for approval) in February. However, additional data requests from the Food and Drug Administration wound up pushing the PDUFA date back three months, to May 29, 2016. The FDA also set up a panel review for April 7, 2016.

If this was a sure thing then why do we have selling from insiders and the dump at 4:03 of 18,570 shares with a final price of $92.45.

Insiders selling none are buying since 2014

Insider Trading: Sales

Insider	Price	Amount	Relationship	Remaining Holdings	Date	Form 4
Mcminn	$103.56	128	Officer	7,621	2016-02-01	Filing
Bright	$129.99	104	Officer	11,700	2016-01-13	Filing
Bright	$124.78	624	Officer	11,804	2016-01-12	Filing
Mcminn	$145.90	469	Officer	7,749	2016-01-04	Filing
Duncan	$145.90	428	Officer	24,892	2016-01-04	Filing
Duncan	$145.90	40	Officer	25,320	2016-01-04	Filing
Shapiro	$145.90	496	Officer	40,911	2016-01-04	Filing
Shapiro	$145.90	37	Officer	41,407	2016-01-04	Filing
Pruzanski	$145.90	125	Officer, Director	529,556	2016-01-04	Filing
Pruzanski	$145.90	2,001	Officer, Director	529,681	2016-01-04	Filing
Shapiro	$157.45	1,000	Officer	28,395	2015-12-15	Filing
Shapiro	$157.38	2,500	Officer	29,395	2015-12-15	Filing
Bright	$182.96	1,150	Officer	12,428	2015-11-25	Filing
Williams	$167.00	973	Director	962	2015-11-20	Filing
Shapiro	$179.49	1,500	Officer	28,395	2015-11-16	Filing
Shapiro	$178.00	2,764	Officer	29,895	2015-11-16	Filing
Veitinger	$198.25	1,000	Director	2,166	2015-11-10	Filing
Shapiro	$204.15	3,500	Officer	29,159	2015-11-10	Filing
Mcminn	$160.24	125	Officer	8,218	2015-11-02	Filing
Williams	$182.22	974	Director	962	2015-10-20	Filing

Insider Trading: Purchases

Insider	Price	Amount	Relationship	Remaning Holdings	Date	Form 4
Benatti	$139.86	800	Director	1,292	2014-12-15	Filing
Akkaraju	$163.27	500	Director	7,642	2014-11-12	Filing
Akkaraju	$173.67	1,000	Director	7,142	2014-11-12	Filing
Akkaraju	$158.18	500	Director	6,142	2014-11-12	Filing
Orbimed	$15.00	333,334	Large Shareholder	2,150,634	2012-10-16	Filing
Akkaraju	$15.00	700,000	Director	700,000	2012-10-16	Filing
Silverstein	$15.00	333,334	Large Shareholder, Director	2,150,634	2012-10-16	Filing

http://www.insidermonkey.com/insider-trading/company/intercept+pharmaceuticals+inc/1270073/purchases/

Lastly if someone did want to buy this company why would they pay a premium, buy before the FDA approval and why would the company be looking now to sell so close to the "approval"? Smells fishy $SYNA fishy to me

Based on this I am calling this a SHORT not a squeeze.