Face it - the short sellers have got their hooks into this. As for the algos - the news is going to read very negative with that huge loss, and all the commentary. As for the CC - wow, they just exuded so much weariness and negativity and nothing to get excited about. It was almost as if they wanted their own share price to go down.
I just sold and will re-buy lower.
I think this will drop below its 52W low.
I think it could go down to the 15s.
Just think of all the stop loss orders that are going to get triggered this morning!