$VERB for those keeping track; today was day two on SSR. What that means is, shorts cannot sell into the bid. Knowing that, we still saw a very large sells into the bed for a second day. I’ve been trading for almost 5 years so I’m going to propose my thesis. Anybody else with any viable alternatives please chime in. Two scenarios are unfolding. A) One of the institutional holders of the stock is unloading some of their position. B) in a recent email as well as Rory‘s Twitter post, he mentioned that the offering was closed $.75 a share and they raised $11 million. Are we still seeing dilution though? Thoughts?
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