You're right for sure. I saw two MM's buy about 10K shares each in separate blocks near the end of the day today. They are having a field day collecting cheap shares that they shorted at much higher prices. I have to believe that there is indeed selling coming from the 144 filers who have restricted shares and are finally getting to unload them. They see the price dropping and still have a great return so they're basically selling at whatever they can get. It's truly unfortunate b/c I believe if they had waited only a few weeks they could get double today's prices and much higher in a year. Alas, they are likely uninformed of what's happening with SEVU and will regret it. As I type a trade for 11K shares just went off @ 5.10 right at the close. Go figure.
BYEOHTEQUE..Your right the MM are loading up ahead of the good news thats coming...who would short sevu at such a low price..and have to buy it back lower to make a profit...with Amex anyday?? I think its a combo of shorting at 8 or 9 and driving the price down..and then covering AND loading up for the Amex...this stock should start the move up soon...Bigbizz
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