Any one on here have any logical explanation for whats going on here?
There has been nothing but good news for the past few weeks...looks like back in Feb the price did a drop before earnings as well. Wondering if this is just a pattern now...
History shows that most any time Jack Lief opens his mouth, the stock is negatively affected. There are 50M shares short, and the holders of those positions are probably starting to get nervous, so when Jack speaks, it's a chance to manipulate a couple dollars down, make some options expire worthless, and get a chance to cover some short positions.
There won't be a short squeeze like some idiots are always predicting. It will be an orderly, largely painless covering.