Rapidly growing new technology sales charts, quite frequently show that sales grow rapidly for a while then hit a plateau, after this they then resume the climb. My guess is that we're on this plateau now. This leveling off of sales comes to pretty nearly every new technologies sales, quite inexplicably, so there's no way to explain why it happens, just that people who watch sales and growth charts know that it does.
Meanwhile yesterday's 14 million share volume, seems to be saying that there just weren't all that many participants in the movement. For a stock with a ~109M share float, I expected upwards of some 24 million shares to trade. But with institutional investors holding 59%, it seems that most of the volume was mainly short term traders, momo's and short covering. With more than 30 million shares short this issue, you'd also expect higher volume, since covering would be the sane thing to do. Remember, they're taking a very high risk position by shorting, small profits because of the small downside (which needs to be offset by bigger short positions to profit), against potentially unlimited losses.
Obviously, with only 14M volume, there's not much room in there for very much of it to be short covering. So, it seems that most of the stock is being tightly held.
3DS sort of reminds me of a business, experiencing a drop during a bout of inclement weather like a snow storm. For maximum effect, a shorter needs to have the prospect of bankruptcy, for poor performance, hanging over the investors heads. They don't have the comfort of that here, so you'd expect them to be uber cautious, but they aren't. They're, instead, gung ho, piling on in heavy reliance on rhetoric and screeds in an effort to make any troubles seem much worse than they actually are, while avoiding any mentions of any good things the company has going for it. Like, for instance, an unencumbered balance of ~650+ dollars worth of assets per share.
I sincerely doubt any of the institutional holders would let the company be taken over for less than the value of it's per share assets. Since that would be their own money they're surrendering, and they'd be doing so without any cause. That would be fiduciary irresponsibility at its worst. So I will sit tight and know that very often the darkest hour is just before the dawn.
