The company reports the write of $9,500,000.00 in Q3 report November 14, 2012
Savey investors review the report and sell in the morning November 15, 2012 Buyers dry up and price drops
Stop loss orders kick in and traders are alerted to the sell off. Automated low price buy orders kick in.
Thousands of shares of unsuspecting shareholders are sold short by traders. Value buyers jump in
Value buyers and late shorters drive up the price until Tuesday, November 20, 2012
Tax sellors (looking to buy back in January) ride the price down till the end of the month.
In December BNN goo roo's announce the stock as a good buy good balance sheet. not their money.
December 27, 2012 more bad news. More activitiy, More shorts. More stop loss selling.
December 28, shorts cover.
January 11, 2013 more negative news.
Automated systems, day traders, and shorting caused the price rundown.
How is this the fault of management? How can anyone win a case against them?