InvestorsHub Logo

Det_Robert_Thorne

05/08/12 10:55 AM

#7709 RE: clownman1 #7706

The price is what it is, Clownman

The price is what it is because relatively few people want to trade it right now, probably because of the situation in the past with YAG, uncertainty that they will do what they say, and the proper value of the company with Meller's conversion.

IMO, a good portion of what we've seen the past week or two is shorts working to cover.

Some of them did yesterday, and those who are trying to do so today are less desperate than the person who set the 133K buy at $0.345.

If I'm right about yesterday's big order being to cover a short, it's probable that it was a losing trade.