I called this a short up at $1.75. Now it's at 0.70. So, let's see. My call made $1.05 per share. The longs (long?) here, are down over 50%.
Don't worry, you are welcome to my investment experience anytime you need it.
And I'm glad we agree. XATA (sorry, XRSC now) is run like a Pinkie. Fluff news. Name change. Symbol change. 50% loss of market cap in a year. Walks like a Pink. Quacks like a Pink. Yep, it's a Pink. Glad we agree.
Your math on the trading volume is flawed. There's only been about 15% of the common traded because that is all the suckers they could get to actually buy this crap. It only trades 6500 shares a day because noone wants to buy this. If they could ever trick any real size into buying this then look out for the volume spike from the large seller.
Now that XATA is now XRSC, I will take my leave here again. Sorry to all those longs that got burned here with XATA. You can't say I didn't try to warn ya'!
This post is my opinion and should not be used as investment advice.
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