Why are traders continuing to buy the Jan14 Calls at a brisk pace ?
Because the stock is currently flat and weak and they believe Meeker was hired......courted is more likely....... to assist them on a 2013 deal(Partnership/Buyout). Either scenario will take us to a new 52-week high.
Not being an avid Trader, I don't know much, but I can't believe the SVNT big boys majority institutional shareholders give a hoot what goes on on a daily basis with trading activity.... When this ship is ready to roll over or right itself I tend to think it's going to happen in a surprising NY Minute! kg
Two reasons. 1) The shorts hedge their positions while they cover slowly as the stock crawls into the abyss. 2) The gamblers gamble that the company will be sold before 2013 is over for well more than $1/sh ($1.5 to $2.5, IMO). In any case, the volumes are small and the monies involved in this penny stock and options are pittance.
If u couldnt buy it..that means it is not going to be bought..The fact the shareprice are going down exactly as i PREDICTED coz, the volume with daily traders have stagnated...For the last 4 months the volume doesnt come up near anything that trades on NASDAQ....
As a desperate measure, the SVNT bod shall reverse split the stock and then make a massive dilution to raise cash....and that will destroy the shareholder value to zilch...Thats the only way they can survive...Market knows this and is preparing itself for that..