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Friday, January 08, 2016 1:32:57 PM
Would not surprise me if some selling was due to some getting margin calls on other stocks given the market's recent plunge. Usually the first thing people do to cover a margin call is sell their speculative/otc stocks (unless they fell out of favor of what caused the margin call in the first place).
Back in my "daytrading" days, I'd see the same pattern of sudden drops when someone would exercise their options, but we don't have options, and usually such spike-drops would only last a minute at most before resuming at the price before the exercise.
Whatever it was, I very much doubt the theory it was Epic trying to cover the milestone. Nickels and dimes to cover 5m (some have said two payments of 7.5m, my understanding was 3 pays of 5m--unsure on this point). The big seller to stop us just short of 1.00 last time was LPC, who sold it down to .60.
My God the stress, down two pennies, up a penny, whoa...kicks in the 'ol back problems. Time for Uncle Maz to pop an opioid and stop caring till market close. Paid Walgreens a tad extra for bubble-gum flavoring...maybe I should get a patent and open a clinic in Florida...GLTA--
Zam
"Beware of missing chances; otherwise it may be altogether too late some day" -- Franz Liszt
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