Well people it is about supply and demand. Short
Post# of 1084
Short selling is the sale of a security that is not owned by the seller, or that the seller has borrowed. Short selling is motivated by the belief that a security's price will decline, enabling it to be bought back at a lower price to make a profit. Short selling may be prompted by speculation, or by the desire to hedge the downside risk of a long position in the same security or a related one.
Short sellers can overwhelm the market with shares to sell. Not enough buyers exist to handle the demand so price must fall to find enough buyers.
IMHO the stock will rebound BIG time!! THE NEWS WAS A TREMENDOUS LEAP FORWARD FOR THE COMPANY, AND THE STOCK PRICE WILL SOON CATCH UP AN GO PAST THE PREVIOUS HIGH.HANG IN THERE!!!!
Date VolShorted High Low Close ShortVol RegularVol
May 23 14.14% 0.16 0.14 0.15 94,881 670,821
May 22 6.76% 0.18 0.16 0.16 46,291 684,388
May 21 18.50% 0.25 0.16 0.18 1,504,123 8,130,999
May 20 20.59% 0.17 0.16 0.17 109,400 531,443
May 19 16.27% 0.16 0.15 0.16 14,100 86,676
May 16 38.76% 0.17 0.15 0.16 100,837 260,124
May 15 11.24% 0.16 0.14 0.15 10,000 89,000
May 14 24.87% 0.16 0.15 0.15 27,800 111,787
May 13 40.27% 0.16 0.15 0.16 15,706 39,000
May 12 11.52% 0.15 0.14 0.14 19,403 168,500
May 09 47.14% 0.16 0.14 0.14 27,550 58,447
TRUDEF Sterling
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