On april 28th, the very day after the stock collapsed, I shorted only one hundred shares at $16.60 just to test my own theory. Then on May 3rd I went short another 100 shares at $16.55...just to test, once again, my own theory. I guess that theory has something to do with, when a company reports earnings and gives guidance, and the stock price drops (along with the market being flakey) then I believe that sh!t will continue to roll down hill for a few days.
Down volume has been strong and up volume weak since earnings came in.
Anyway, this is just friendly talk, with no big money involed, and I'll probably be closing out my position in the morning. With an anti-private enterprise and anti-capitalist Administration in Washington and the socialist European Union perhaps in tatters, capital preservation is what I care about most nowadays.