Well here we are....and its STILL dropping. I guess OCLR's run was too good to be true? Or the earnings is looking bad, and someone already knows.
So I sold a few shares the other day, and guess what, there were TONS of 100shr lots on my sale. Who the heck bothers with 100 shares of a 2.00 stock???? The commissions on a 100 share buy is likely a large percent even with a bare-bones broker. I saw that and frankly it confirms my belief that management needs to produce here - because until they do, us longs are at the mercy of what clearly is something going on - can you say manipulation? LOL
Dropping like a stone - shorty must have been biding his time. Sheesh, 250 drop in the DOW, and shorty just needs to push a little bit to send this over the cliff. Figures - another sh1t day for longs......sigh
If we can hold above 2 then we should be good to gradually move higher. My take on this is that shortie has been shorting (note the higher short levels) but someone else has been buying. Maybe lots of "someone elses" have been buying who knows. But what that leaves us is a rising stock with large short position. Hmmmm, now that could get interesting at some point.
Personally it seemed that 1.95-2.00 was back fill, now the cheap shares are gone. Anyone wanting to buy is now buying and driving this higher. Sellers seem to be in short supply.
I'd agree with you there, pattern seems very strong between 1.96-2.00.
Not sure what it means and who it benefits. Recall, the strike price of the convertibles was 1.95, and it seems we are not straying far from it.