"This stock has been in the $6 range for awhile both with days of large and small volume. What does that tell you? If Shorts are not covering then who's buying and why?"
Good point. Let's add another reason to diogenes' list on why KKD won't go bankrupt: The stock has been hanging around the [$6 for now, but enter current price when list is displayed later] range, therefore things cannot be as bad as shorts believe, therefore Krispy will not go bankrupt.
For us shorts, the fact that Krispy so far has had a slow, predictable death (sometimes with small teases that she will recover), has been a total bonanza. IMO, this thing should be trading below $2 right now, and not "optimistically" around $6. But us shorts who have been following KKD for a while know that the stock has always been given a very optimistic valuation. Thank you Krispy.
Up on low volume shows lack of conviction on longs part,down on higher volume shows strong conviction on shorts part,,or panic selling.Vloume is shriveling through the current sideways pattern,waiting for the next batch of news,which may be good because Hot Nutts Hairy said he would float the loan.Buyers here,may be those who are saying this stock ain't goin BK,that it's a good value here,someone will buy them out,and a multitude of other reasoning.Are you long/short,and whY?Babe
Not long or short at the moment. Just think a lot of shorts here are so convinced that KKD is going BK (and it may) that they are making the same mistakes longs did when this stocks was in the 40's. NOT LOCKING IN THEIR PROFITS! They (Shorts) have sat around for over a week now explaining why this stock is no longer falling (actually it's rising). For $6 their letting their greed get the best of them. One must realize that they do not have all the information needed to make 100% accurate estimates (predictions).
I know I'll get bashed for this, but I believe that currently risk/reward ratio favors those who are long JMHO.