so far the 2 or 3 run ups have been met with ATM selling..most recently last week - thats obvious
there have been plenty of buyers in the last 3 months...and right now its just noise.
if there were rumors of failure, the institutions that own it would know and the stock price would be 90 cents
So obvious that there's over 20,000 contracts open interest for the December 2.50 call. Those 2 million shares are so obviously gonna be out of the money next month. I mean seriously, why would anyone even by them with how obvious it is...right?
This price movement happens all the time. Again, look at SRPT. I almost bailed the day before results were released when it dropped 10%. I figured the results must have leaked and must be negative. Like here people were bashing and trying to scare people out of their position and many people bailed. However I did a lot DD on the company and decided to hold on for a nice 187% gain from my 10,000 investement. These small 2-4% daily swings are nothing compared to the 100-200% gains you will recieve from holding this stock to results. Bottom line is that no one will know the results until they are released.