Or a possible head-fake to suck in more shorts. It'll bounce back in no time.
Sentiment: Strong Buy
I agree this is not panic sell off.. it is more gradual and orderly. I dont think this is still a time to sell if you have gains on this - although I sold all my shares between 108-109.
I still think it has potential to make new highs between 120-130. But there is much more potential for this to test 80 instead.
I'm noticing a lot of retail shorts in this stock and most retail holders are weak hands - which generally means that if this goes back to 110 area then it might go up to 120-130
The plan for me is to buy again if it goes to 110 area and sell short if it closes below 100.
It held 100 mark very well today.. which is a good sign for longs.. But let's see if it can hold it over the next few days!
I, for one, am watching how it behaves over the next few days at the 100 and 110 levels.. I will not be a buyer or short seller unless I see clear momentum one way or other...