Taking a tax loss in August makes no sense, especially when the company is expected to report financial results in a few weeks. Why not wait and see what the results are? As you point out, we're only talking about a few hundred dollars. No, this definitely smacks of manipulation; someone perhaps afraid of a huge spike in price if the Q2 report is good news. Maybe someone who is short is getting worried? Frankly, I wouldn't blame them. With so many shares in strong hands, and a very small float to go along with low trading volume, a short seller in this stock could get hurt very badly.
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