While I am not happy about the share drop, what is more interesting is the massive increase in volume. You still need buyers and there seems to be plenty of people willing to buy at the lower price. What does that mean? I can't believe MM's are just going to gobble up these shares to keep the stock liquid. Something is up alright, but I am not sure its going to be bad news.
I am amazed as you are that there are so many buyers! Even though I seriously question this company and why they don't interject with something that at least we can think about, the fact there are buyers is really interesting. I have not become a seller because of that, and will probably regret it. However, I could become a significant buyer if CHFI would simply step up and provide some positive info - that they still have the stock they acquired, that they have additional stock in companies that they have financed, and generally that they have the assets that we all think they have! A good story would be even better and the ability for us to buy into a good story at a better price!
there's a definite positive divergence between price and accumulation and distribution. Iow, while the pps is going down the acc/distrib line is going up or staying the same. Meaning someone is accumulating the hell out of this stock otherwise the acc/dis line would be diving just like the pps. yeah, something is up alright: someone's getting cheap cheap shares at the expense of weak holders. Otherwise this thing would have taken a dive long time ago. Instead we see someone coming late in the session, almost everyday this past 3 wks, picking cheap shares and sending the price up at the close. People in the know are expecting good news. Most of us though are in the dark and desperately selling shares dirt cheap. Hold on everybody and don't forget that Annie bought 300,000 shares last October? @ $4.96. Methink she'd want her money back and then some!!! GLTA