Just longs buying cheap shares from aggressive shorters.
Shorts all apparently teamed up and shorted at the SAME TIME using boxed positions to smack the bid yesterday, which in my mind reeks of market manipulation. If the SEC wasn't busy dealing with high profile fraud cases, there were surely some laws that were broken yesterday by shorts.
Some day the chickens will come home to roost.
But for now, I find it quite comforting that there are several other pretty big buyers in the market holding the bid and picking up tons of shares.
For all the fuss and "panic" induced by shorts, everyone is holding strong to their shares because there is a real company here.
All the shorters will have to buy back their shares later. As long as the longs hold and don't fall for the panic and maybe pick up some discounted stock while it is down here (personal strategy), then we are going to just make bank when all these short shares have to be covered.
This is a very risky strategy for shorters, they appear very desperate right now with all the negative posts, twitter feeds, group webinars, bid smacking using boxed positions...
...all of that and they can barely move the price down.
I think us longs picked a good company.
I am happy to stay here as a long.