they think the stock will go down when it falls 2 points..idiotz...angi has always had promotions with groupon about membership at lower prices, the WSJ news is hardly new...short more fools, and cover in the 40s and u will come begging to oldgirl for some shares.
If the WSJ news is hardly new as you say, and yet it triggered the sell-off that it caused despite huge purchases all day as many short positions were closed, what does that say about the fragility of price support for ANGI? I'd hate to see how it moves on "new" news.
There is no market for this equity.
And, you are naive or something else, thinking $40-80 is the px for a company whose biz model is in trouble, and customer acquisition costs not recoupable in a meaningful timeframe.