to $8 just in time for options Friday. if you check an older post of mine before the last run up this is classic behavior for this stock right now. I called a run up so shorts could have a higher entry point (which happened), the short process then follows (started yesterday and is continuing today on light volume) and we will coast down to $8 by Friday EOD. Mark it down AGAIN!
You are 100 % correct.The market makers always try to shake cheap shares
from people right before options expiration.It should not happen this way but
it always seems to happen.Too bad the HK conference isn't today and tomorrow.
A drop to $8 is only another 2.5%. Not that difficult. The broade market will start to sell off the rest of the week because frankly it's over bought. With that downward pressure, no news and options on Friday, we probably drop just below $8. That's just what I see. Let's see how it plays out??