I think the last ten or eleven points down smell funny, particularly the beat down the day before earnings were announced.
Was it naked shorting? I don't know, but the shorts pushed the stock down while we were still in the quiet period.
After that, Phil's seemingly contradictory comments regarding the government purchase versus what was in O'Neill's press release negated a lot of the good will from the NEC approval.
When people are confused the shorts can wreak havoc. In light of the facts we've received from the government and the company I believe we should be in the mid $70's or $80, not $55.
I'm hoping the market comes around to that way of thinking in the not too distant future.
If a good deal is announced and we remain at these levels, I'll be writing my congressman also.