Don't forget the incredible volume on the last day of the second quarter, with the rebalancing r/t the Russell. That gave the big boys LOTS of shares to use to control the price action, long or short.
they are in the drivers seat right now and making gobs and gobs of money!!
long and holding,
I think a few funds managed to pull shares down after the open in order to cover. I still think you have a significant short float, however, which is good for the longs. This news is huge today, it possibly doubled the valuation of ONTY overnight. I was sitting here in disbelief early this morning as the weasel shorts were mitigating their loses pulling down the shares, but that is over now-- get ready for some serious upside. $3 close quite likely here. If not today, then tomorrow.