The shorts are having their hayday. For now. I have to admit, they are doing an impressive job. Iridium management, for its part, remains absolutely mute. Somebody isn't doing their job.
Volume is certainly light today. Folks closing out their books.
I bought this back on 11/19 @ 9.75. At current trading price, this stock has dropped more than 15%.I find it hard to believe that a single downgrade (in light of the positive article in the WSJ immediately beforehand) is behind such a steady drop in share price.I have to believe that a technical bounce is coming in the near future.In any case, LOL to all and best wishes for the new year! Cheers.