Words of wisdom, this stock has had some major red flags on it's play for some time now.
Emminent chartists and the confusion their inaccuraccies present are no help when the pps is plummeting like this.
Mind you, looking over the historical level2 day by day, and bouncing it off the 1.5 year chart, one cannot so quickly entirely blame dilution.
The added 19 million shares were not entirely accretive to the companies bottom line but as the year progresses that likely will change.
What we do NOT want to see is more and more shares issued towards non-accretive additions to the company.
In my humble opinion the depressed pps is partly blamed on traders panicing,
but two other factors are imo at work here,
first the stock was heavily accumulated sub quarter,
and the ones doing that are not stupid,
they know when to take the money and run.
Secondly, examine the regsho numbers
Date Short Interest Avg. Daily Share Volume
Feb 12, 2008 63,473 63,255
Jan 15, 2008 88,421 185,484
Dec 31, 2007 83,942 371,476
Dec 14, 2007 49,816 130,159
Nov 30, 2007 30,954 116,301
Nov 15, 2007 61,708 115,360
Oct 31, 2007 88,882 323,462
Oct 15, 2007 26,349 482,434
Sep 28, 2007 74,124 330,589
Sep 14, 2007 80,511 138,924
notice how the trend of shorts versus percentage of daily volume results during the period of declination in the pps.
overall the trend was showing a major portion of the daily avg volume was being shorted, so much so that now they are shorting more than the daily avg volume.
That is significant! Doesn't answer all the questions but it certainly is not to be ignored.
But hey what do I know, I am just the guy getting hammered by all those chartists for calling this drop all the way back to the two buck level.
As for those who thought I was shorting or had an insider?
Give me a break! lol
Good luck to you all! I will be eyeballing the subquarter zone, if it happens.
AI
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