SEPR Weekend update. Down 2 dollars

in after hours friday b/c SEC is investigating possible backdating of stock options. Sepr needs to hold 47 technically speaking or it could fall back to support at 40. That being said, you could also look for this event to allow all the shorts to cover their position. Not sure if this is the news that the shorts have made a huge bet on. If it is, I'd imagine they will cover once the damage is done.

Maybe a little bias here, but I would imagine that this bad news gets bought. Since backdating options to a certain extent is legal, not sure how they will find sepr liable. I'd imagine worst case scenerio they settle with the SEC.