So do you think it is institutions, not shorts, driving the shakeouts so that they can accumulate? That is a very viable possibility and I agree it would be very good for the stock long term if that is what is going on.
That said, I would have thought that over 2/3 of the float would have been locked up by now, making these shakeouts much less fruitful then they have been - especially at these prices.
I think a good shakeout after an ascent back into the $20's would be much easier to explain and correlate to heavy institutional accumulation.
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