Elray Resources Inc (ELRA)

[Taylor Orion]

There isn't a lot of shorting, aside from MM naked sales here. Flippers - yes. Of course, because the name of the game for them is to go for the 20-25% turn only and cash out. It's been stifling movement all week. That 10q would be nice to see. Since we dropped below the 18, it is still quite possible for 15, but I had already anticipated this occurring. The price action and candles told the story all by itself. It should recover next week, most likely. Its not a terrible set, anyhow. The volume of wagering is still incredibly high, and only shows signs of elevation as they expand into the asian markets further. A little more of an idea as to increases in revenue compared to last year's comparable quarter would help tremendously, but I wouldn't worry too much.