Retailers are so dumbs selling at this LOW! So much potentials and they ste giving away there shares... it is simply amazing!
Plus, can someone tell me why is shorting legal? I mean, how can you sell a shares that you dont even own? First It creates MORE shares because you are duplicating the amount of shares, which is in a sense a false dillution! Also, pretty much just the big guys can do it as they have unlimited fund to work with! Second, it gives them control on a stock, letting the retailers with absolutely no power at all!
When a stock is overpriced, people will simply sell THEIR shares and the price will go down! When retailers invest in a stock and believe that long term (LONG SHAREHOLDERS) that stock will be worth way more, then they are not selling! That has the affect of having less sellers and decreasing the amount of shares available to buy, meaning that those who wants to get in has to buy the ask and higher price! With that scenario, the SP of Orbite would be WAY higher as the LONGs would not be selling their shares! Right now, it is a free for all descend because of the shorting! I havent sold any shares so far and many other I'm sure have done the same! If shorting would not be legal, the price would be way higher and for a reason, because Orbite has a HUGE potential! This is what the market is all about, determining the potential, not just the current value! When a company fails, than the SP goes down because "believer" are selling and more shares are becoming available!
Bottomline, from Orbite HIGE potential, the price should be way higher, but "shorting" made it otherwise and now we are in the lows 1$... what a freaking shame!
GLTA and long Orbite!