Post by
stockdom on Jul 19, 2011 10:27pm
Why the stock plunged
The popular question over the last couple months was, who is selling. I've always felt that the suffering longs for the most part are not sellers at such low prices while there is still some hope for salvation.
The answer in my opinion is the former Vasjar shareholders.
The stock had been trading btwn 11 and 15 for 3 months prior to 4/12/11 when the vasjar boys received 980,000 trading shares as part of the settlement of long standing disagreement. Not much doubt in my mind that they began a selling campaign from then on.
It's no wonder that there was such a hard bottom as I had written about a few weeks ago. My guess is that most of the dumping is done and the stock is already firming up.
Comment by
pinocchionose on Jul 25, 2011 5:43pm
dead duck plungewow what a bodall involved should be ashamed of themselves.
Comment by
bart.bark on Jul 28, 2011 12:25am
Firm up what? The balance sheet . Just look at the balance sheet of this dog. Look at the news flow. Time to visit Boot Hill not the bank. Thank you outstanding management.
Comment by
pinocchionose on Jul 28, 2011 2:16am
holding firm at 6.5 centsWhat a bunch of losers