Dan - it's simple really - all the selling pressure caused by insiders selling in April and May, combined with further selling pressure since the regular stockholders like you n' me found out in April about all these 144's, has caused what is known as a "reversal phenomena" - that's where selling pressure actually drives the stock price up instead of down. I know that's counterintuitive, but its the only explanation that makes any sense, because that's what's happened.
Also, now that things are finally about to happen, we are getting to experience a second reversal phenomena - that's where the imminent prospect of really really good news drives the price down instead of up because the potential buyers waiting for that good news have the attention span of your average 2-year old, while stockholders with the patience of your average 2-year old are driven to sell just before the rocket leaves the pad (lest they lose out on yet another opportunity to sell out of the big one right before it hits -- which is in keeping with every other lousy investment decision they have ever made in their lives). You just gotta love the moxie of anybody selling today.
That's my theory, and I'm sticking to it. And by the way, I hope Doc has an uncovered short in place tonight, since he so nicely wished a margin call upon you. Another example of civility -- we are what we post, I guess - which makes him . . . . well, you figure it out - it's anything but a mystery.
MST |
