This stock has truly been the play thing of the shorts for a rather long time...thinly traded, easy to manipulate with little outside/inside support. To watch a purchase of 500,000 shares over the morning hardly move the dial as the shorts continue to dump at market to drive the price down.......doesn't mean anything except that the shorts are pretty powerful, deep pockets........one day it will end with increased long support and the short interest will go elsewhere to play.
My only concern with this line of reasoning is that a short position of any size can be bought/started at any moment.....thus, the short position can balloon in a moment.....I'm sure there is some relevance to your short covering when price spike commences....but 'short' of that, I think with such a thinly traded equity, the heavy hand of the deep pocketed short has a strong influence on price.
Bottom Line: Company loses money every quarter in the best bull market in 15 years-that is why it goes nowhere. When the management team gets their head out of their free pile of money and the company makes money the stock will go up substantially. If you think that writing all day on message boards will do anything then you are dreaming. Like me, you should be agitating everyone at the company, imploring them to focus on generating profits for shareholders. If you dont do that they will just continue to fleece the company and have the stock do nothing. I, like all the small timers on this board, am hopeful they will turn it around but if they cant make money now, it seems crazy to think that they ever will. Bull market will end and they will be back in the toilet missing another opportunity. I hope we can see some profits before that time comes.