With the relentless shorting of this stock below 7 I get the feeling someone is keeping this stock down, which leads me to believe something big is about to happen, you can feel the pressure in the tape. Fasten seat belts !!!,
I agree whocouldit be. Between the article and the pressure these past few days I think there are shorts out there trying to keep a lid on things as well as MM's going into accumulation mode. That's the way it looks to me. Definitely not a distribution mode. Curious what other tape watchers think.
This reminds me of the trading when the stock was stuck at 2.99 for what seemed like an endless war, a huge wall of stock at 3 and then the dam broke and up we flew, this is trading the same way at the moment, albeit from much higher levels.
You are correct, I speculated shorting related to the Pearson letter , however I saw a few bids of 10k show up below the market and they were immediately hit, so could be selling, but still feels like much pressure either way on the tape, I am long so want this to blow upwards of course. 2 weeks until earnings for more color.