I did notice the after hour trades but over 75% of the trades, including two big blocks, went for under 22. In fact they went out low, which means to me they sold at the low bid in an effort to get out. If they were buying, the big volume would have to meet the ask and pay up.
By the end of next week we will all know for sure.
In this business, squeezing people out of their positions is routine. Today, the odds are that Avid will move down to levels the scared longs never dreamed possible. On the way down, they will double up on margin hoping to recover losses. They might even double again later on as the stock continues to decline. But, the decent never stops and eventually, these scared investors capitulate - tossing in the towel; losing their life savings.
Margin calls galore.
This has played out so many times before with so many stocks before it isn't funny.
Unless Avid's streets are paved with gold, it will happen again.