i don't think this is profit taking-imo this stock could have been sold without taking a big price cut over a reasonable time frame. i think it was a short trying to panic the longs. remember when an anonymous article caused a big drop even though that article presented no facts justifying a drop-just opinions which on review made no sense. this stock is subject to this kind of stuff-so far we don't know how this one will turn out.
IMO It's the mm taking out all the stops & then walking it back up. They can get cheap shares before the next run up. Don't be surprised if the pps ends up close to where they started. That's why I never have stops. glta
This volume and price drop is one of 2 things:
1. Short attack. They got burned pretty hard recently but have been successful in the past. People have made nice prfits recently and will roll over easily to a short attack.
2. Something is up and there is an information leak.
Either way, this is nasty and there is no good short term spin. Still a good story if you are 3-5 year investor
Nope. Just profit taking. When a volatile stock doubles its price in 4 months, this is bound to happen. Now I'm salivating at the thought of a sell-off followed by a killer earnings report. Gonna be a fun earnings day!