Aqua Power Systems Inc (APSI)

[nsomniyak]

Not really too surprising. Up until January 4, trading in APSI was dominated by those speculating that a merger would occur in the near term. That has happened. Buying (or holding) APSI now involves a completely different value proposition - that the company will operate effectively and succeed and grow over the long term. Those value propositions (pre merger vs. after merger) appeal to different types of investors.

It is not surprising that the speculators are moving on, and it is not surprising that they see more urgency to do so (and then find the next short term speculation) than long term buyers have in establishing positions. Even if a long-term-oriented investor is aware of APSI, many won't buy in until they see several quarters of actual operating results with financials from the public company.