A Contrary OpinionThis stock is held by a lot of nervous investors and traders that are hanging on in the hopes that they could have quickly regained their losses from last week by a quick NR showing that DEC had hit more good holes.
The nervous investors who comprise a significant portion of shareholders in DEC began to panic sell when the news was not released within the 7-10 day window as this seemed to be a replay of what happened last week. I believe that the company does not have the assays yet and that there may have been a hold up at the lab.
Additionally, remember the small runup that happened this week in anticipation of the news? It was those quick momentum traders getting in as they were anticipating a positive news release coming out by yesterday or today. It was those same traders that bailed late yesterday and today in anticipation of bad news as there was no news release. I believe that the stock has been dragged to these levels due to an anticipation of bad news not ACTUAL bad news.
Yesterday there was more evidence that Insiders had been BUYING very close to the last NR. There would be no reason for the insiders to buy at prices double the current share price if there wasn't something to be optimistic about in the short term. In conclusion, I am remaining optimistic until news indicates otherwise.