The only problem shorts are having is finding stock to borrow to increase their positions. When next reported I bet the short position is closing in on 75% of the float. And no order is likely to replace that $50 mil from Rabo that's disappearing.
Keep an eye on the insiders. Their suddenly selling a bit back was perhaps the clearest look into the future. Until this past 6 months or so you never saw an insider sale.
Been around this one for many years and remember the last run from $3 to $60 back to pennies. Looking like a repeat performance.
Maybe there's a better mousetrap out there or their big accounts are moving elsewhere. Only explanations for this big a melt-down and shorts continuing to pile on.
Longs will find out someday..after it's too late of course.
This sector has exploded and while Vasco is doing well by most conventional standards, these guy are lagging the industry. Checkpoint is even moving at a faster pace and they're relatively boring by comparison to cybr feye ect..
The markets going to price them at a PE of 16 which is really where they belong. You can't live off others success for long.
It may get to $23 later today and Monday for sure, but not on the Iran news. This has been a controlled sell-off for weeks, but will soon become a panic.for whoever is left holding the bag. How many times do they have to tell you their top line has peaked?
Figure with $35 being the high, say goodbye to about half of that. Haven't you been watching the trades?
Probably drift down to the $1 level, then another feasibility study will be announced taking it back to $2 for a day or two.
Groundhog day phenomenon.