fringe, if you reread my post you'll notice i said imo all selling stopped on december 18th. we're in a very low volume period right now. it's the holidays. and here you are posting in all-caps, very dramatically. please just relax. i'm looking forward to a very happy new year.
the stock sold off to this level after no news for over 2 months. former directors for the shell company had 4.4M shares to get rid of, and imo they were disinterested sellers who dumped the last of their shares during a news vacuum. i'd say we're better to get rid of them now instead of having these same sellers in the way during an upcoming run. perhaps management feels the same way.
all indications are this quiet period will be over in january, so why must we decide the health of the chart when it's the slowest week of the year, and as tax loss selling is coming to an end? imo anyone who is long the stock now believes deep down will hit the ground running in 2008, and start issuing news on a variety of fronts.