7.1 Million Shares, more than a quarter of the float!
That was un-freaking-beleivable. $13 down!? Far outside of what I considered the worst possible scenario and my worst trading day ever. Broke all my rules not lightening up (at least on my Feb 40s that were a double before going to 0!!!!), but that is just how sure I was going in apparently along with the rest of the s/h... It takes a lot of long and wrong folks to have a move like this.
In the meantime, I am buying at these levels, now not as a trader, but as an investor. If we are back on track by second half 12 as indicated, then this is looking dirt cheap. The defense contracts do not appear like they will just go away, the government just plays a game with delays to make the budget numbers. First look alone could be another 20 - 40 mil opportunity. An acquisition that helps to place a value on the IP could be a strategic move and unlock value at the same time.