Fact - there are 6,400,000 shares that unlock on March 22nd that will likely be dumped. Longs that are not completely stupid and will get out of the way of that dump coming. Shorts will press via selling calls and buying puts....both option trades will force market makers to hedge by getting short REE.
There is a massive pull to $9.00 over the next 13 days. It is like gravity....you can fight it for a little while, but structural forces always win. See you at $9.00 soon.
7 actually... as the date approaches, it'll drop.. then after the share sell, it'll sink. I wonder if they can sell in the US or not... if they can sell only in CANADA where the shares were issued, then it's gonna pummel the stock down to pennies since it only trades very THINLY there.