RE: Nothing Has Changed 10 minutes before the close 98,000 shares were offered at $1.36 and then the offer got pulled just before the bell. A block like that indicates that it is the options being exercised.
Who ever owns these options there is approximately $200,000 in gains to be had and of course they are going to sell into a soft market, if I owned them I would take the money too.
The added selling pressure from the options just amplifies the downward price movement.
My bet is that 98,000 shares is the tail end of the stock and will be taken out tomorrow or Friday before the Cambridge Show starts or these guys are going to answer to alot of peeved shareholders. Expect an uptick by Friday back to $1.60