I'm having a hard time deciding whether this company's business model is sustainable? I can't imagine members continue to renew memberships (year after year) or new customers beating down the doors to become members. Too many other avenues to get reviews on businesses for Free.
I suspect we'll get a bounce tomorrow. CEO admitted himself they're going to burn more cash in Q3 and Q4. Sold my puts this morning. Hoping ANGI gets back up to resistance at $20.30 so I can reload. If you buy, play the bounce and get out quick. This isn't a wait-and-see hold-em kind of a stock. Get in and get out if you plan to go long. Good luck. Hope you make money.
I was short to now - and very happy. Currently buyin in just a low amount expecting a slight bounce by the big boys holding shares - who really need to exit at a higher point and can play this higher into earnings.