K, When the bid was lowered, the "shorts" sold,
or this is how it appears. At 1 27/32 there were
not many sellers, however, as soon as the bid dropped
over 150,000 shares changed hands quickly. I am trying
to understand. Was the selling due to fear of further
price drop, or a short play planned and executed very
well. My guess is the short play scenario. Buy at 1 31/32,
sell short at 1 23/32. Net 1/4 on 30,000 is $7,500. Not a
bad afternoon. Oh and by the way, they are using our shares
on margin. Take Delivery, Please. OUT
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