RE:RE:Early bid of $1.70 is FAKE!!
It is a little extreme isn't it?? Its hard to believe that this company after this news is valued at the exact same level that we were 2 months ago. Its abundently clear that something is going on, since just about everyone was completely bewildered yesterday. A few guys tried to offer explanations, but I think its safe to say that this was unexpected. But the other thing to note is that this happened on pretty much no volume. A million shares in the first 5 minutes killed the entire day. I wish I could see the order book, and see exactly how many trades it took to take the stock down? Who were the idiots who kept lowering their asks? Why didn't they hold out for the bids to come up? Which leads me to believe someone either put up 1 million share block to sell at market value, or someone shorted it which means they dont give a shiit where they sell at