..announcement - explanation.., page-58

I expect that an insider or two was aware of Orbital or another fund deciding to cash some in after the pump, and so they joined the party with some heavy Shorting today.

From my observations, there looked like 2 heavy sellers (one of them was probably a Short), and one buyer when it reached the low 40's.

The Shorters will have to cover, but at as low a price as they can muster.

I expect they have been studying the 365 day charts.

So I expect they might try and push the envelope on this one and attempt to drag it down to somewhere between 30c and 35c, which is close to the 365 day low.

34c would seem a good bet (before the covering begins), because it has already been that low a couple of times already this year, so there's nothing to say it can't be done again, and there doesn't look to be a lot of resistance.

Gw