This whole thing has been quite fabricated from the start. For UCTT to move into the $9's (maybe the $8's) would have been quite justified based on the soft patch that started last quarter. But knowing the company can earn $1.20 a share normally and with a balance sheet that has $89M in debt vs. $194M in assets (well over a $100M of which is easily liquid) this whole move to below $4.00 is utter nonsense. Which is why I held my nose and doubled down last week. This company has delivered all year long on estimates, to get destroyed like this stinks of fabrication. Should trade well above $12.00 at some point next year.
The micro caps can manipulates so easy ... and as I said, the macro landscape set the table for the selling. Fear pervades the minds of too many. Sheep and lemmings are what you typically find trading stocks these days