Well i says, some early birds and insufferable “on it” types with Pacer accounts, saw the decision before most of us and hit the “Sell” button as Market orders. In other words, they saw the news and ran for the Fire Exits without ever screaming “Fire” to their fellow man.

Well, that’s okay. Their blind fear Market sell orders caused Stop-Loss orders to get hit all the way down: .015. .0125, .01, .0075,.005, etc. After that it was a free-for-all. People who believe in the deals and Blocksafe Technologies snapped up almost 200M shares — nearly 8% of the OS. Volume like we have never seen. Now, we can’t know who all was/were selling, but that’s a big chunk of shares now in stronger hands.

And IMHO, a legal set-back was largely priced in before this news. Nobody can say the orals went ‘swimmingly’; yet we were hanging above .015 for 2 weeks. The sell off Tuesday was a specific demographic that had already decided to sell — at any price — if things didn’t go their way with the Appeal decision. Well, God Bless ‘Em, they stuck to their guns. And now, nearly 200 million shares are in firmer hands.

I see .008 very soon, and .01 soon after. This may be the fastest double most of us have ever seen.