Of course they are shaking out the weak hand traders ... everyone who jumped in yesterday afternoon expected news today. Watch CVVT start to tick right back up as the "investors" gobble up more shares!
I ain't no expert but I'[ve been there and done that plenty. they do try to shake people out. It has gone down fairly hard but on pretty light volume. I would not be at all surprised if it heads right back up into the close. At least that will give us a chance to decide if we want to keep it into the earnings announcement. GL