Trading pattern On April 24 a bullish news item created buyers and the stock was held at $14 by sellers till May 23 when another news item resulted in a higher opening which only lasted for a short time and sellers brought the stock immediately down to $14.25 and have kept it at that level since. It triggers the thought that an issue of shares is being prepared.The lack of volatility and the persistent flat trading prompts the idea of a stock issue in the making.
In that process an underwriter will short the stock at a specific price and then cover his short position hopefully at a lower price. This preparation is called grooming the market. Any comments on whether a stock issue is being prepared?
Maldoror