Friday, May 06, 2016 9:25:34 PM
The 8-K convinced people to buy, hold and wait.
Look at the short report data. On the big down days, short % is quite low. That suggests that sellers held shares for longer than 3 days (settlement period). That points to note/debtholders bailing and people who recently bought in, holding and hoping.
I want the news to be real so I can buy and get rich.
I want to believe. Experience says: wait.
Would be nice if the CEO released the truth on Monday. Good or Bad, the people who bought in deserve to be told whether the deal they bought in for exists or not.
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