For those that claimed that short selling had nothing to do with this drop, take a look at the short interest just released for 11/15/13. It is up over 1 million shares from 10/31/13!! With any relevant news, we could have a nice squeeze here....
Short interest just released for end of November. Another 804,965 shares shorted since 11/15/13 for a total of 6,163,973 shares. We are ripe for a massive squeeze with the right news/results/announcement.
OK, I stand corrected on an earlier comment, that it might not be the shorts taking this down -- it appears it is the shorts. I was quite lucky here, got in just a week or two before the run from $5 to $8. I sold out sequentially, averaging just under $8. Tried to get back in at 7.1, but that day it went only to 7.2 and then began the ramp to $13 -- I missed that run.
However, at that time I noted the run from $5 to $8 may have trapped shorts by surprise -- and the recent trading suggests that may be the case. I'd noted when the stock came back down I expected it to get to $7 if this was the case, and it did break below $7 a couple weeks ago. Based on the US and EU reviews, shorts have a few months to clean up, unless LIWA comes out with offsetting news like a partner.
That said -- yes, 6 million short is large on this stock, and a bet on not going commercial next year really looks like a losing bet. So, they will try to cover -- with YOUR shares.
They are over due for some RELEVANT NEWS. Partnership would be fuel that lights this. Market is waiting for marketing strategy i bet.. auto sells again by shorts every time it gets near 20 dma. zzzzzzzzzzzzzzzzzzzzz