You know I've been watching it more closely and have to agree 100%. The days its up a little at the end of the day somebody sells 100 shares at the bid even though thousands of shares traded at ask. Today was good when somebody put 26K shares up for sale somebody quickly bought them up. I'm just waiting for tender offer for most or all of the company. Have a nice day.
I agree even worst case they will be ok. I also agree it's in California sentiment to be green and so they might go easy on them. The only lawsuit issue the lead plaintiff if you read in the 10Q that shareholder owns 200 shares, are you kidding me. The law firm certainly won't pursue it for zero profit, plus it appears they haven't actually filed everything anyway. Once the deadline in early May passes for the lawsuits and nobody files anything material that should give the stock a relief rally. 1st quarter scrap is low but the company should be setting up for a good year long rally. I think the California investor will try to take it private, but that's just speculation based on the sec filings from last couple months. Have a nice day.