Replies to post #36455 on Calypso Wireless (fka CLYW)

[drkazmd65]

My guess,... a lack of agreement between those wanting to buy and those wanting to sell on a mutually agreeable price.

:D

Most who hold this stock now are expecting more of a rise in shareprice in the short term and are asking for a premium rate to do part with those shares. You get out now and they settle tomorrow - your tickets are gone and you can't buy back in cheap.

Many who are 'in' have no intention of getting out 'period' until after the court cases are better resolved.

Thus - demand, but no supply at the price offered.

[my evil twin]

stalled technically after opening, capping chart pattern developed.

CLYW gapped up to open, made high for day, was shorted by marketmakers back down into $0.14-0.16 range. Day traders see chart pattern and think the stock is topping intraday. They know stock was shorted back down into this more familiar range.
Seems day traders are running the show today, supporting the stock after having shorted it this morning, hoping to get small or close out for weekend, may lead to strong close, may not, have to peek at traders' positions vs. what they want by close of market.