Ah, no, it's just the blow that caused longs to really worry about their positions. Longs have been carrying a bit of fear in the back of the minds for some time due to all the other negative articles and press. They finally decided to act on it today. That's all.
My metaphor is, if 2 people say you're ugly you probably just shrug it off. By the time 4 people say you're ugly, you begin to believe it!
News on Monday:
Watsup Gimme and Banktel LLc have filed a massive shareholder suit against UNXL. Dell and Intel have hired their own law firms to pursue similar allegations.Kodak CEO Antonio Perez disavows making a massive investment in UNXL.
News on Tuesday: SEC looking into fraud allegations at UNXL
News on Wednesday; Texas DA for The Woodlands forms civil criminal investigation team.
News on Thursday: UNXL calls press conference to announce the hiring of Criminal law firm, Wedid Itand Weregona Getzauf. Company management won't answer any questions on attorneys advice.
News on Friday: Well known short investor, Roger Xavier takes three month European vacation.