why does that make them an idiot? Perhaps they felt stock was going to continue north, but they place a stop order sell if it went down a certain percentage or to a certain price. Haven't you ever done that with stocks? The rise to $1.30 looks like it was temporary. The only positive of this staying over $1 is that it avoids delisting. Some one posted here not long ago about a potential tiein with Hersha(HT). Time will tell.