Nightdaytrader......you better believe short sellers have inside information....do you recall the insider trading of Roger Ratnamurjam?....he had auditors placed in the companies he was shorting... the auditors were telling him the progress of the companies earnings to give him an advantage over the price action...of course, he was finally caught and sentenced for inside trading fraud..... so the same is going on with coop... they know this chapter 11 outcome from the get-go and have been gaming the price movements....when you see these mofos covering their short positions, then you will know that they will finally settle this chapter 11 and move forward with coop....as for the rest of your assumptions, I think they are spurious.....JMO...Lodas