"NEWS" pattern continues....Whenever FOBI has a positive press release - which is one or more per week, the stock price goes DOWN on slightly higher volume. Seems certain one or two individuals are shorting some shares,
whenever there is reason from retailers to be hopeful. The short is not at all large, ( maybe a few thouusand), but because there are virtually NO retail buyers, that's all it takes to show weakness, and then retailers panic and sell their 400 or 500.
Thus zero upward momentum.
As stated yesterday, untill financials are released with meaningful numbers this will continue.
It is NOT helpful that NONE of the releases from Rob indicate any monetary value to the story.--
just some handshake deal where both sides are happy