you lose 28% of your market cap on perceived bad news, on humongified volume
you then gain 5% of that lost market cap back on actual good news
do not try to figure it out
short selling with no uptick rule is the closest thing to an answer you can find
Today was option expiration. They forced the price down to $33 to get the options back cheap. Our institutional shareholders shorted their oun stock to drive the price down this afternoon.
Sentiment: Strong Buy
You're killing me, Dennis, I just don't understand this manipulation game.
If you ever get time to explain.....
take into consideration that the price was overinflated when it was in mid forties (and at 47).
That's your opinion, my good man.
Watch where this stock price goes as time moves forward. Forties will be left in the dust.
JMO (copyright kutz)
I thought the uptick rule still existed.
The issue I think is that people are not going to believe that GSK/RNA's drug is dead until the FDA actually denies it.
uptick has been gone for years