I actually have thought of that as a possibility more and more lately. Maybe not totally running it up, as there were a lot of people who thought the train was finally taking off and wanted in, but I wouldn't put it past them to do any trick in the book though. They way we ran up so fast, after never trading normally before (or since), on really no news.
I think it could have been timed to do it then, after the impressive Noble conference, where you had investors finally getting a real eye on the company. As it started running, and having more and more people on board, bring it down in an instant, take shares out during the fall, panic selling happened (I am sure they saw all those stop losses) and make everyone wonder and get nervous about what the deal is with this company (even for the future.) Possibly losing big investors in the process, who would have bought in, but seeing that day...maybe saying "nah, not touching that for good, or until I see something that can confirm all they say (a 10K for instance?) I think Black Friday still has lasting effects on SPNG, that we still don't realize.
Which is why I do think there is waiting on the sidelines, until they see what we all believe will be in there. That explains the last week or two of trading. Anyone who is in and believes is in. Anyone who questions it, is out or just has a toe in the water. The non believers are waiting for it to show they are right on their claims (albeit out there ones.) The big money, wants to see what is really going on...especially after Black Friday. They, I am sure, have seen the continued record sales numbers, the Dicon purchase, etc but won't do much until they can get some sort of confirmation. The 10K comes out...Wow, the o/s is down to 500mm, the net income and sales are growing like crazy, etc etc. Then you start seeing the massive buying again, and this time if mgmt has whatever plan they have, bring it....and shorty and crew won't be able to stop it this time. Bring the monster PR's, one after another heading into and after the 10Q. The 10Q, will show this amazing growth of the past few months of FY10 in which sales is more than all of FY 09 already.
The 10K is your setup punch and then the 10Q can be the knockout. Bring some more news that we probably can't even fathom...bye bye shorty, bye bye basement and hello new deluxe apartment in the sky, Mr. Nasdaq.
AI
