The stock will run friday, definitely. Too many people will be jumping in for the dividend and sending the stock running up.
I know a lot of the i hub members have admittedly pulled out of the stock I attribute a share of the selling to them, but I think the majority of it has stopped. Where would the pps be if members here didn't sell? Probably between 13 and 15 cents.
Think about that.
This stock moves up easily with buys. Even a small 100k in buys can easily send it up 2 cents.
Also, the shares short listed across the web are as of Sept. 14th. Which means, with all of the activity with this stock the past two weeks the odds are the shares short are much, much higher. Mike is right, they will cover on friday if not sooner to secure their position.
This is probably the last hoorah to collect cheap shares with the dividend right around the corner.
