The current trade activity has nothing to do with reality. The stock is being manipulated by bad guys, ones who prey on small cap stocks that they can pump and dump with ease, pull out some quick cash, and go on to the next small cap they prey on.
They're using the upcoming hearing as fuel to support the extreme trading. By that, I mean they are trying to make us believe that there's a bunch of traders out there waiting in wild anticipation of what happens next, that MAXD is the talk of the market. It isn't.
The typical MO with these guys is to push the stock up on the anticipation of the upcoming event (whatever the event may be; it doesn't matter, it's just fuel for them), sell off just ahead of the event, then dump and create a panic on the day of the event. Stealthily buy in on a stock, drive the stock up, pull profits, short sell down. That's how they work it.
This time looks a little different. They pumped and dumped last week, and pulled profits. This week they faked a pump, and have since driven the price down. Oddly, I see a positive in this. I believe the bad guys are expecting the news from the upcoming hearing to be good enough, legitimate enough, to move the price up. So they're running it down now, staging a "panic" scenario, and looking to buy it back as cheap as possible. They'll then look to run it up after the hearing, and pull their profits shortly thereafter. How soon after the hearing they act will be interesting to see. They may pump it the day of the hearing, trying to create a false impression that something incredibly good happened, and that the buy time is now. Or, they may choose to wait a few days. They usually prefer the faster hit and run method.
In any case, the real reflection of the MAXD stock will come after these guys finish their crap, and move on. Then we'll see how the real investors respond to the hearing, and to future events.
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