17K on the ask now at 5.20. Well, guess I'll sit and see how low the seller(s) will go. I find the trading here quite odd. No apparent shorting, but the selling continues; As long as it is not the insiders selling out of the Cayman islands, it's ok. But, the selling has remained quite deliberate with just a pause very early July, very much like some sort of hold on the price. I assume it a fund or funds liquidating some shares, though on a stock like this it would seem easy enough to manipulate the price to 5.80 or 6.00 and then continue selling.
Still to come. Up to 5.80~6.00 at earning or immediately there after then back to 5.60~5.80 range. Assuming expected earnings and no CCA cable announcement (don't expect into 4Q or 1Q or 2014). All IMHO.
One quarter it won't come back down. Slow selling continues, they wait till bid builds up and then sell into it. I was a bit concerned after the start of the quarter that the selling was continuing, but the pace appears to have slowed.
Looks like China has stayed off the SEC dogs, for the time being at least.