Few have a clue what is happening with weird trading....sailing along with liquidity at over .068, then suddenly a 100K ASK block appears at .06. MMs had to bring back for short covering. Shares being made available lower so that hedge fund shorts can get out mostly under .06. Few of the many, many small trades today were at ask. Close was right at .06 with near a million shares traded. We got fills today, but rarely what we asked for...and am now bringing in friends to buy FUNN, so they are essentially competing with hedge fund covering for shares....and getting a fantastic bargain at .07 zone!
Fundamental risk with FUNN is nil now, so it's just a matter of floating around with SP fluctuations until this sea change settles. Not in the 15 months we have been accumulating have we seen trading patterns like this week! I do not believe there is any divestment share stuff occurring because of strong hedge fund footprints. As for any tax loss selling, could be some, but patterns and sell amounts don't support what one would expect with that. We should be well past this before Christmas.
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