This thread comes in the wake of the thread I had started a couple of weeks ago about picking no losing stocks: http://www.elitetrader.com/vb/showthread.php?threadid=67037 See DRL the last time it dipped to this low price. I bought at that time, and it came right back up a few points. Now the shorts have manipulated it down again to a rock-bottom price; this occurred in the wake of the company cutting the common stock dividend (not the preferred dividend) to strengthen its cash position; there was IMO an amazing over-reaction, esp. since it was already at the bottom of its trading range. Also, see the following link: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=drl#ttop Perhaps the large $10 May put position was taken by the shorts which has given them the determination to continue till now.