Most likely forced selling by hedge fund(s) with year end redemption obligations. Several recent articles about high redemption requests this year. I own another stock FSIN that is going private for $9.50 cash on Monday and it lost $.20 in the last minutes of trading and closed at $9.28. Definitely a sign of forced sales due to redemptions. It would not surprise me if it was Bristol that threw in the towel. Jag's results may have single handedly forced a boat load of redemptions at Bristol.
Of course it's tax loss selling, look at the volume. It will bounce next week into early 2013, but this is all about Jag making positive cash flow to keep the future in their hands. Earnings/cash flow for q4 are the key questions and will determine if this is a $.30 or $2.00 stock.
I dont think it is tax selling, There seemed little resistance to the down side so it was not hard to push it down, the hedgefunds that are short obviously want to push the price down hoping that people will lose faith and sell so they can cover. A good buying opportunity and I would recommend doubling down if we go below 0.60 over then next 7days. That would be my play if I wanted to add more JAG at this point but I have another target in mind I want to get into first.
No tax loss selling here. This is a 50 cent stock, if anyone has a loss they would take it next year when tax's go up, but no tax loss selling here. Besides anyone holding will just let it ride, nothing left to do. Jag is junk, goes through employees all the time, lays off people and closes mines and goes through even more money. This old sick dog needs to be put down.