KAR > has taken a big drop recently, must be a lot of short...

KAR > has taken a big drop recently, must be a lot of short sellers on this one. for how long?
Plus a recent announcement does not look good either:

"Karoon Gas Australia Ltd advises that at 06:00 hours (WST) today, the Kontiki exploration well was drilled to a total
depth of 4600mrt and no additional sands were penetrated since the 24 September 2009 Progress Report.
Interpretation of mudlogging and petrophysical data indicates some gas saturation in poor reservoir quality sands. The
well will now been plugged and abandoned."


MHL > keeping an eye on this stock today,...may move north later today.