I have a pet speculation on the nature of the NWBO longs. There is an entire spectrum of these longs. A few may be infiltrators, a wolf in sheep's clothing, a few of whom, possibly post here on iHub. But there are not many of those. Then there are the "temporary" longs most of whom are traders with a relatively short term long position. We have some of those posting on iHub as well. You can easily discern these posters by how their tune changes from time to time. Then you have the longs who have recently bought into NWBO on the rise prior to May 10, with intentions to be long but were easily scared out of their positions after 5/10 along with some longer term longs. This brings us to the long term longs, those in it through thick and thin, those who have been it for many years and would not survive the mental shock if they finally sold out and then two weeks later the big news hit - so they hold, even if management has given them reason to entertain doubt by their silence. This is the group that management can not afford to lose. Of course there may be some longs who have no doubts whatsoever, but I suspect, they are few and far between (outside of the insiders who know much more than we do).
I think that by now we have shaken out all the short term longs and any of the wavering longer term holders. Thus the trading has shriveled to a low daily trading volume sustained IMHO by short term traders, the MM's and those accumulating the shares being tossed by the last few longs who are finally getting out. Bt now, most of the "true" long term longs are not going to sell and will hold most of their holding until the full show plays out - thus the diminishing daily volume and the pretty stable price, dropping ever so slowly at this time, at a regularly diminishing rate. So we are basically in a holding pattern - that will end when management chooses to release substantial news. Essentially, shares are in the hands of strong holders, with their eyes on the prize, that will for the most part continue to hold their shares and see the game through to the final play of the current trial. I suspect that some of these are also kicking themselves for passing up the opportunity to sell at $2 and buy back double or triple their position shortly thereafter. But as we all know, no one has a perfect crystal ball, so they feared the risk of selling and not being nimble enough to buy back in time before the news hits and missing out on the main prize.
I also think that the longs mostly believe this is in the process of happening shortly and it will not disappear into some eventual black hole in the distant future never to be heard from again.
