I guess so. It's just odd to me. The huge drop in the stock came as the result of a negative report by that stock lemon site. But the things they barked about were specious and erroneous and they have made no follow-ups confirming their negative reports (which they said they would do). The stock has since moved from AMEX to NAS, and there was a slight delay in the move, ostensibly so NAS could review some of the allegations brought up. THat of course caused a further drop in the stock, but within about 10 days NAS cleared the stock and it's now trading as HSOA. If nothing else the review and ultimate acceptance by NAS would indicate to me that their investigation revealed none of the fraud stock lemon alleged.
So it appears that a bs report by a short-selling website has caused a huge drop in price, on very large volume. The scare that caused the stock to crater broke the stock technically, which I'm sure has led to traders staying away from it. And no recovery has been made since the drop.
Just very interesting to see this kind of thing unfold and the control and power certain groups seem to have. HSOA has even come out and raised their eps and revenue guidance during all this and the CEO bought 100,000 shares over 10 back in June. I can't imagine those two events occuring and then the company warning, can you?
I don't know, maybe all these short sellers are right and HSOA will come out and confirm some horrendous outlook or some deep-seated fraud, and if that's the case, then fine, I've been wrong all along. I can accept that. But if that doesnt happen, well, then this has all been one big manipulated excursion. And it feels like that's happening more and more over the last couple of years. I guess I should simply accept that as part of the playing field and try to find opportunity in it.
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