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Tuesday, July 10, 2012 2:19:25 PM
It is a low floater and will fly like crazy when anything significant comes
It's a low floater, because there are a few investors, and many of them are the same one that you are arguing with here, that hold a big chunk of this float. Several posters here and underground, hold over a million, some over 5 million, some more yet.
When news or conditions are perceived as unfavorable, and these investors decide to divest their holdings, your float goes right back up. A few have even told me today, in emails and PM's that if the price were to climb higher for some, any, reason, they would sell out.
If their sentiment doesn't change, you will have several million shares to wade through, on new, uninformed investors, that the old, longtime holders, who did their DD and trusted in what they found and what they (thought) they knew to be true, have now decided to exit.
Judging from the latest sells, I think some are exiting what they bought in the teens, and maybe even selling at a loss to "get out now".
Be careful in judging some of these people here, who hold large amounts and have held them for a very long time, patiently waiting for news to come, and were less than thrilled with the news they did receive.
Just my opinion, as always, but I have some shares to back up my right to voice it.
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