Well if its trading at 4.80 and the next trade is 50,000 at 4.76 then someone was happy to put them up for sale a 4 cent below market same way if a trade jumps up by four cent someone is prepared to pay a premium to get the shares. Off cours you can put in an order to buy or sell at market but that is very dangerous with a stock trading at this low volume. Sometimes there is a ten cent diff. between buy and sell quote(as it was today at the open.
In the after-market yesterday they gave away 65K shares all the way down to 4.70 and in the early going today another 90K in the low 4.70's. Needless to say they where picked up just like that. We are approaching short covering galore(he added hopefully :o)).
I'm in for the long run, I don't have the guts to trade in and out and I'm in very good shape since I've been in since before Libigel(I might vent my frustration occasionally when we are going sideways or being manipulated). I'm sure we are looking at one or more fund's accumulating here and the short's have not started covering yet but they have started the fight back by selling below market as you can see in the after hours. It looks like everything they put out is being snapped up right away. There is no pump and dump because there's been no pump :o).
Regardless of how much I hated Howart's statement about the breakout year..this could be the start since I don't think there be anything but good news coming out from here on in, good launch new products etc.
There be some ups and downs but I think the shorts will get fried.
We should be at least 8 by year end, even if I prefer Loko's 14 in 14 :o)
Good Luck to us and may some people migrate to the board of their preferred stock.
Sentiment: Strong Buy
fda & matt043 you don't seem to argue rph's valuation of 30 dollar so why do you think the board will sell the company for 35% of that valuation?
nthnsh post at Jan 3, "I sold 30K at 4.54" ... Hmm the "Bearish Doji Star" (whatever that is, is it close to Bearish MOJO Star?)made a convenient appearance. You just can't help yourself can you?
Four Reds, Some people must hurt when I got it right :o) I'm glad to have gotten it right and I'm glad some people got hurt. I also think that the bad news for the shorts will continue tomorrow cause there is a big player moving this stock on no news. I think they are accumulating and they are going to stick it to the shorts.
Friday will be very interesting, down at the start and green at the end.