Yes, but... there is money to be made trading the swing. It trades lower. Pick your entry point and sell above $13 and you can make bucks. The trouble with this stock is it isn't in control of its own destiny, so every little disappointment gets magnified.
The Cramer effect has taken root, all the trades, however small, are to the sell side. There is no greater catalyst to action than fear and it doesn't take much to ignite it. As for coming back on triple volume as nxos1 suggests, it is true and MAKO has done it more than once. Whatever it is at earnings, it will be upon us shortly.
It is getting annoying. I have started buying below $12 and then selling the $12.50 calls on months when earnings won't yet be out. Last time stock got called away for some appreciation plus the value of my calls. Still holding some Jan $10 calls that I started to sell when the stock was $13, but didn't as I thought "maybe this is the breakout we have been waiting for". As a client of mine once said, "I can't quote with it anymore." That somehow seems like an appropriate botched quote at this point.