As MJ points out...there is a definite gap from $5.60 down to $3.50 so $3.00 to $3.50 is definitely a good range to sit and wait for stock if the the faint of heart start to unload their positions with a little bad news (or not enough good news to bring in the heavies). Could be a gut wrencher of a roller coaster ride for some people but I believe NOT is defintiely onto something (as most here do) so just get ready to buy some if it drops down there.

As for Neil Novak selling 50,000 shares...so what? The guy has been working in this industry for a number of lean years when it hasn't been so easy to take $250k off the tabe. Probably his biggest payday ever and hard to put the wife's pestering off any longer..."cash in some options for god's sake!!" (pure speculation here). Maybe he's paying off the final bit of his mortgage in Toronto, paying for those exercised options, putting his kids through college or just topping up the RRSP. The guy will work a heck of a lot better with a little jam on the bread.

A couple of big boys out there still have some very big short positions so don't be surprised with any nasty stuff that comes out over the next few days until either a) they cover themselves at as low a loss as possible or b) NOT gets a real zinger hole that gaps us to $8