Actually...that's the biggest of the problems here. At a 52-week low with an earnings miss, a doubling of operational costs, increasing cost of credit and a failed merger that would have reduced redundancies saving both companies money, you now have the owners of that 90% saying 'I'm done with this'...thus the continuing lows from the slow unwinding of those positions. Adding to that, the shorts who know all that I just said and those throwing in the towel.
It will stop, but like I said in the post that I was criticized for, from a chartist perspective, you need capitulation volume and from a market perspective, you need financials and updates that say 'the future is bright here'. Barring that, another potential take-over might help. As a short, that's the only news I'm concerned about at this time.
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