That's exactly what I was thinking. If somebody needed their beer money THAT BAD they would have sold at that price or higher earlier in the day. Hell, now they have to settle with only two cases of beer instead of three had they sold at .70 bid. Red paint...
We're going up next week anyhow so PERT will just have to pay for it even more.
20100528|IDLM|8211|39357|O (21% short volume)
From the reduced short volume we may be looking at the start of the covering. I guess we'll see next week.