Pretty quiet around here, almost 18 hours with no posts, kind of like when there's a death in the family, a solemn silence. What with that dismal end @.0032.
But the Bid was at .0034 before it closed -- the whole EOD followed no logical pattern, with massive buys above that, barely filling large orders @.0036, then the sudden plunge to the close which made Longs feel like they've at the bottom of a roller-coaster plummet.
There are always those who believe these patterns mean insider dumping, expecting worse; and those who believe it's sharks driving down the price so they can snap up shares and ride up to riches. We don't know. For what it's worth, the 7-day indicators show Buy, long-term sell (though from and to what price isn't available).
Company did put out news as promised by the IR firm, but it was confusing. Coming after the announcement that they reduced A/S by almost 1/2, shareholders were meant to be reassured that steps were being taken to aggressively increase value. Instead they lost 20%.
From what had already opened at a low valuation of $5 Million.
Already a much lower figure than if they'd been delivering product, but a figure generally accepted as about right. Hurt themselves as much as anyone else and we know this crew isn't rolling over dead.
BYSD management's mismanaging the PR's and P & D's relentless pursuit of them have been quite a spectacle this week indeed -- but so many got to buy at prices lower than they'd hoped, with expectations of a run, and with the final bid and continuous buying, and following patterns of similar stocks, it is likely that the massacre is over.
This vigil is for a patient in the ICU put there by incompetent doctors, but with so much at stake it's not a wake -- could even lead to a cheerful recovery at least short-term, if management doesn't keep shooting itself in the foot.
GLTA
