Phantom conference call posted on SA, stock pushes up, cc post disappears. Some HFT is programmed to trade on keywords in news. Seems very similar to the same techniques that dropped it down, doesn't it? Or maybe it was all just a fortunate coincidence...IMO, of course.
Not sure the catalyst that got it to $7, but there is 30% of the float short on a company that is very profitable, selling at 9x earnings, double-digit top line growth. Some time there is going to be a huge short squeeze. There may be some buys to cover triggered at the $7 level.
Longs don't have profits. Shorts do. Barry is about to take more of what we earn in 2013. It makes sense to book profits in 2012. Shorts will be highly motivated to cover in the coming weeks, unless they believe Barry's intent is to collapse everything. In that case they'll add to their positions. My guess is that shorts will take profits until we get closer to year end. I think the worst of Barry but that doesn't mean the shorts do.