No, it's a sign of..........Earnings were not a big surprise, shorts are in control and the people that want to own this stock already have enough. No all that has to happen is, retail sell, shorts cover and we will move to $4.00
Interesting thoughts. Shorts are in control. There are a lot out there. 49MM shares are shorted at the moment. WOW. I would guess many would be concerned with that position, as this recent K showed the company is turning the corner and could possibly be profitable this year.
I wouldn't want to hold my short position, if I held it from the days when it was trading far above $2.00. But alas, they must know something I don't.
I think up 4% plus with 2x volume on a day when mkt is ugly represents accumalation and I think it will only be a matter of time before we retake 3's and move north to 4's and beyond. With 1st positive cash flow this will skyrocket back up and it is my opinion that we will retrace some 30 to 40% of pre recession crash levels...