8000 Incorporated (EIGH)

[Toxic Avenger]

I'm guessing today will be pretty bad as folks try to unwind before the weekend. Monday will be 1 week past the date the dividend was supposed to be announced and 4 days from its theoretical payment date.

Meanwhile, with all the supposed naked short positions being revealed, the price keeps dropping on relatively low (relative to the run up in Sept) volume.

I expect a retrace to 12 cents pretty quickly after the dividend is paid (the price right before the Monk's Den acquisition was announced and the volume spike), then a retreat back to 4-5 cents and probably lower as those who bought on momentum, speculation or the dividend try to salvage whatever they can.

During the 12 trading days the stock was between 28 and 44 cents, about 12 million shares were traded. Even accounting for quick flips, that's a lot of positions for a stock that prior to a year ago had many 0 trade days.