Monday, May 14, 2012 4:21:31 PM
Starting some five weeks ago there have been multiple posts on stock message boards claiming or alluding to malicious shorting of CHDO. The premise is that certain individual(s) are attempting to pressure the stock price down in order to buy "cheap" shares by shorting the stock.
Despite the technical flaws in such an argument, these posts through dint of sheer repetition may have accomplished the same purpose they were intended to counteract.
It appears that these "shorter" claims have augmented an already inherent distrust of the impotent CHDO stock price movements we've seen in recent weeks. The ensuing lack of confidence has resulted in a plummeting of the average daily volume over the past five weeks with zero trades on more than a few days.
Claims that a stock is being methodically shorted frightens potential investors!
In truth, there have been no short sales by any individual during the past six months. This is confirmed by both FINRA and NASDAQ.com
As of today: http://www.nasdaq.com/symbol/chdo/short-interest
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident. - Arthur Schopenhauer (1788-1860)
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