It also means that, people will be dumping the stock for gains, and the price will be much more difficult to sustain. The last couple days of trading is an indicator to that. $5 is hard for this stock to hold....at least to this point. The most concerning issue, is that there are just as many people buying the $5.00 & $7.50 September and December PUT options, than CALL options. I hope by the end of the week, it can break and hold the $5.00 barrier.
What's your point? Options players can pin it at 7.50 or 10.00 too when it breaks thru resistance.
Do you think DNDN options traders were worried about the 5 calls and puts after it exploded to 25 overnight?
lol! And yes, I was long DNDN when it was in the single digits. I think it's 26 now--I don't even follow it anymore, because I sold a small position to get my original investment out, and letting the rest ride.
I like how traders jump up and down on a dime profit, not realizing they missed out on a great ride just by doing nothing. I'm up 50% on NXTM and I had steak and eggs this morning and then took a dump. lol!