RE:PAT: short covering?LOL quite the theory Have u heard of insider trading not being legal? this things not worth $2 unless they can ever figure out the weapons detection recognition issues worked out ? they been trying for over 14 months and still not done?]]]]]
Royal10 wrote:
On Oct. 24th, Pat went up strongly (over $3.00) before announcing the Bought Deal @ $2.50 on Oct. 29th. This big move up allowed the underwriters to short the stock in anticipation of the price drop to take place after the announcement of the bot deal. Todays' drop allows them to cover their short positions. At this time, the financing should have been sold completely. Don't be nervous and stay long or buy more stock if you can. Next move will be up strongly. Hope to be right!