I'm tellin ya man, brokers are calling people that have had restricted shares they forgot about from a year or more ago. The brokers are calling them, letting them know they have 1-3 thousand dollars in shares that are now unrestricted, and asking if they'd like to cash them in. Unknowingly, those people are saying yes, because hey...we could all use a few extra bucks, especially when we forgot about having it, so the broker sells at the ASK or the BID (more so the BID I believe in our case, as you can see by the constant bidwhacking). This gives the broker the opportunity to cover any short position they might have now as well.
It's all games...you can't tell me these brokers (cough cough AUTO, aka TDA) didn't know those shares were going to become unrestricted 3-4 months ago. Funny how it all is working out, right? All of a sudden you can't buy using TDA, only sell, yet AUTO was on the bid and ask yesterday. Tell me TDA wasn't calling people and offering to sell their now unrestricted shares so that TDA could cover. Yes, it's a cruddy situation, but IMO will be over shortly if not already done after today's trading.
Over the past week up until yesterday, the number of restricted shares decreased from 64M to 50M, coincidence? Ray has 28M restricted shares himself which aren't going anywhere, but there are still 22M questionable. IMO, not all those 22M are becoming unrestricted NOW, but a good portion may have, which explains the action today. But IMO it's over if not close to over considering the manner that we closed today with some nice ASK slapping at the 17's.
We go up from here, great support at .0015!!!
GO EGOC LONG!!!
