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Message: Re: Please explain

Sep 05, 2008 08:48AM

I would guess that short term traders are doing the bulk of it. There was quite a bit bought at prices below where we are, and quite a bit a few days ago 20 cents above where we are now. Those who jumped in at the $1.35 level can get out with a 10% profit in a couple weeks, while those who got in 20 cents higher may be taking their lumps now expecting the stock to retest the support level in the low $1.20's. I was kicking myself for not grabbing some in the $1.35 level but realized a retest was likely so I may get that price yet.

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