Saturday, June 23, 2007 11:05:35 PM
Good point. Many have held on because it simply wasn't worth selling at the sub-penny range. And shorts had no interest in that range also, as there was little upside potential (falling sp) for them but massive downside potential (rising sp). This will now completely change for shorts, as there is no reason that this couldn't be driven back to the sub-penny range unless there is a quick turn-around. Long holders will also now feel that there is a greater probability that they could have 90%+ losses from $4 compared to from 0.4 cents.
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