And it's definitely not the last time this thing gets slaughtered on 3 times normal volume. Anyone holding this definitely has no clue how to invest or trade. Stock below all moving averages and volume increasing. Not the kind of stock winning investors or traders buy....LOL...
Why on earth would you hold this and sellout of the money calls? Wouldn't it have been smarter to unload in the low 50s? That was a gift that you will never see again. If you sold out of the money calls why would you cover them unless you want to unload the stock? Just let the dam things expire worthless why you watch the stock keep tumbling. Headed to mid 30's. Declining business. This company is a pharce.
The big boys knew it was a homerun right from the get go but knew they could spin it as a disappointment to wash the little retail guys out and steal their shares. Which they did. So obvious. I do this for a living and know how this stuff works. They didn't want to chase it at the open Thursday because the price would have pushed higher real fast (short covering too) and they would have had to pay much higher prices. Check out money flow on Thursday. It was positive even though the stock was down. This was market maker manipulation to squeeze shares .
Stock up on no news is the best thing that can happen. It means someone big is buying shares. They shook retail out on Thursday and looking at the candlestick tail it's obvious big money started entering as the weak hands were getting washed out. Most likely most who we're holding just for earnings were wiped out Thursday and by Friday there were not many sellers and the buying just fed on itself. This is a classic move after earnings and is one of the most bullish signs a stock can give and is one of my favorite indicators to go long a stock.