Can't speak for what happened today other than the obvious. But I can say with confidence, this is not going to $1.00 anytime soon. Large holders would not be flipping and "locking in profits" if this was going to $1.00.
I saw GBOED trade the entire way up, it was trading in 3-4 cent increments, this doesn't. The float was noticably smaller on that one, a true 2.8 million float. If the point is they have to cover, well until last night people were saying they have til today to cover since its t +3 days to settle, since that didnt happen today lol people are saying tomorrow now since its the divi date, nothing tomorrow then friday, if not friday then finally january 2011 since thats when the divi gets paid.
It will probably go higher than here though, I can see it hitting a penny sometime soon depending on positive news or buying pressure. The sad part is we could have easily crossed .01 and stayed above without the heavy selling near .008 today, stock was chewing up every MM at the ask. Now obviously people buying in the .005-.008 range will just sell in the .01-.016 area for a double creating huge resistance, thats whats happenining with the other D stock thats #4 on the top list.
