This had one of the lowest volume days of the last 6 months and you think the Shorts were looking for a exit. They found a exit back on the gap down day. There were lots of shares changing hands there. This has now dripped as insiders were selling. There is no real buying interest in this stock. The stock may climb some IMHO but think the stock is broken for the long term. Why would one buy when multiple insiders are selling. The economy is getting better and so less and less people will be looking at there auctions. I own no stock in the company but do follow them as I buy from there auctions. GLTA
I still think this can go lower to flush out the true believers. I am looking for a extremely large volume day. I am looking for a day where it drops significantly lower and recovers on large volume. I then personally think the bottom will be in and consider buying.
Not a bad call so far. Maybe I'll start blogging. Note the April 12 StreetAuthority article stating that the stock is a buy. "...Technically, shares have bounced off a triple bottom in the $29 range and have pushed higher to the $33 area. I like this stock right now with a 12-month target price of $43".
Good luck to all longs, and of course to the shorts. You will need it more.