Origin Agritech (SEED), sees a morning spike on news it has completed a Second Notes Repurchase Agreement as of today with Citadel. Investors seem to like the news (short covering is helping as 27 percent of SEED is held short) and the stock is up $1.17 to $10.85. Options action is heating up as well, with 3790 calls and 905 puts now traded. Jan $10, 11, 12.5, and 15 (2010s) are the most actives.

4 users commented on " Origin Agritech Ltd (SEED) $10.95 +13.12% "
Follow-up comment rss or Leave a TrackbackNow up to $12.15. What a short squeeze!
I discussed bullish activity in this stock on ThinkorSwim’s weekly chat with Tom Sosnoff two weeks ago.
In case you missed it: http://mediaserver.thinkorswim.com/demos/2008/TOSDemoPlayer.html?vidSource=/transcripts/2009/20091216.swf
Always good to pay attention to note offerings and debt offerings. Faber covers these on CNBC a lot.
Earlier this month was CF/CCO…..missed em though.
Of course CF is tied up in the “fertilizer wars”.
$13+ per share. What???
Gotta love thin trading sessions. Crazy.
Agreed…..Remember PLD last year during the holidays?
Insanity.