I figured it had to be something like that. The CEO has been too chatty with Ihubbers regarding possible PPS levels for the stock post merger. Most are like clams (and should be!) That has unnerved me a little, I must admit.
But, we still expected a PR pop...however the shorters had a different goal, obviously.
I can generally tell a stock is shorted by the way it trades, and as I've said often on the board, I don't generally stick around to argue the merits of a stock with shorters. There is generally a good reason why they've shown up on a play, something along the lines of what you just posted. Like the mafia and vampires, shorters don't show up unless the company has invited them in with some action or possible corruption that they've researched.
But if the allegations aren't true, then the stock could have a nice relief rally. It's a dynamic game, and it changes every hour, every minute! I got back in at $2.01, as I could see the l2s looked ready to uptick after that unwinding to $1.98. I held, fwiw, and look forward to more upticks tomorrow.
Thank you for doing that research and posting the respose here. Much appreciated!
GLTA!
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