Catty.... I believe it is largely profit taking. I don't believe this is based on anything fundamentally wrong with the company's current position, and in fact the company is arguably in the best position it's ever been in. However, people invest to make money, and some are in for the short game, while others chose to hold for what they believe will be more significant gains. And then of course some get panicked and sell. All actions are understandable, but right now I'm holding, since I still believe this is still early in the game (of course I'll be disappointed if I mis-judge this). Some may also have been hoping to capitalize on a quick buy-out, and since that hasn't happened, they decided to bail. It will also be awhile before the company starts recognizing significant revenue, and I think some just don't want to hang around waiting for additional developments, so they cash-out. I have been in this company for over 20 years and am anxious for things to develop, but I have sold no shares; because I believe there is potential for further appreciation. But holding this position is not always easy, as the last couple of days demonstrate. :-)
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