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I don't belive the big volume is short covering. 200,000 shares came few minutes before 3 and make the stock goes up more than $2. That what is happening in last few days. I think, the trent is down for this stock.
It is going to get smashed sooon. They are ramping it up, selling calls and buying puts.. Take a look at the price of puts!They are going to rip this down any day now. SEC should be on this stock, manipulation at its finest.
Do you suggested to buy a put?