More than 82% of shares traded yesterday were sold short, so I was expecting this to happen today. It is all about how the market makers make money in-house, by manipulating the price down, and freeking out some shareholders. so they'll sell into the fall. The only people who benifit, are the ones that can buy cheap stock at the bottom (like Billy Boy at $1.43!)
Thanks Alton for all your work, picking out the nuggets from the 8K for us. I found the wording in one part very disheartening, where they said " in the coming months we will be..." getting such and such done. I wish they had said - in the coming days or weeks, rather than months. Maybe that encouraged the shorts, letting them know that they had plenty of time to do their thing. I just hope it is'nt too many months before we hear some more good news, or we'll be back to $1.43 again.
Lynne Harrell.