Any investor with a very large position on a stock can dump their stocks and spread what ever rumors they want in order to bring the stock price down significantly and buy it back afterwards. This is what is happening. I never thought Id ever be able to add to my position at a RSI of 29 ..
Yes , twice, just to make sure I didn't miss anything. Very informative and needed information. I picked up more shares at $5.54 (oversold RSI 29) . Whether or not they are going to be able to drive it down much further is anyone's guess.