Cause and effect?, page-3

Short interest over 10%.

Market is saying it was over valued. Simple really. Things over shoot up and then over shoot down.

Anyone claiming they can pick the bottom is only guessing. Blind freddy can see the value of the company.

Sentiment changes daily in a company like this. One minute everyone is rushing to buy growth (ie pushes out the PE) next minute it becomes the 'said thing' to highlight how unreasonable the multiple is

The market is never wrong however. This is true for when you see a fall like this and it will be just as correct when this turns around and shoots north. Which it will - because as it has been pointed out already. Every shorter will need to buy back the stock and currently that is 10% of the outstanding shares. Clearly this will drive things north and this will occur alongside other interested buyers who are watching this north.

If the drop is making you nervous and you are a mid-to-long term investor than I would recommend that you don't watch the price every 5 mins. Rest assured however it will be above $5-6 mark sooner than you think on a day like today.

Don't sell into the weakness because you will regret it. In any case you've already missed the decline (ie the damage has been done) you'll just be locking in a loss that you will easily recover with some patience and will power