I would think an extension to Dec 7th would be great news. Compared to notice of delisting of the stock. I my opinion DMND should have popped 2 pts today. This might be dead money until real news..too bad.
Longs that were hoping for a september 15th earnings date are selling because they would rather have their money somewhere else for three months. What they dont realize is that just because the extension was until Dec 7, that doesnt mean the news cant come this month or Oct or Nov... As you can see by the low volume, they are the minority. Moore, Fisher and other institutional longs arent selling this news, just stupid day traders that are buying GRPN today