Summer Infant (fka SUMR)

[NJHowie]

I seriously doubt it. I'm not sure what the reasoning is, but today was obviously continuation of whatever began on Friday. My guess is that some short sellers piled on after the earnings announcement, knocked the shares below $3 where there were stop loss orders all the way down to probably $2.75. A bit more selling today, knock the shares under $2.00 and then again you have a bunch of stop loss orders down to $1.75. Couple this with the generally poor liquidity in daily trading, wide bid/ask spreads, and there you have it.

I'm buying under $2 - shares are at the same price as 2 years ago, and yet the company is in enormously better shape. Before company was on the way down, today company is on the way up.

I suspect that there will be some insider purchasing of shares, if they haven't already been buying today.

I'm no longer questioning what's taken place - I'm just buying.