nice catch, tom. seems like the writing is on the wall. i've been watching DRCO on the bid, day after day, grabbing all the shares they can find... at .75 we created the top of the channel, now ever since that point on the chart ARCA has been riding the ask, with a few others routing thought NITE & AUTO, etc., helping to add phony selling just above the best offer. and even with all this manipulation the volume has remained low as the majority of the market hangs onto their shares.
the private placement put 57M shares in the hands of dahlman rose's top clients and yet they seem to want even more. it may take a few more days, perhaps a bit longer, but i get the feeling we're about to find out why DRCO wants to soak up so much of this float. jmho.
i'm looking forward to seeing us move above this trend line and break out beyond the 1.20s again:
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