Yes it might. The 4+ drop is pretty good as it is. They set that up nice with a big gap and then short, sell, short, sell. Now it looks like they may be covering a few while others are selling to get out.
This stock is the only one on my watch list at present that is red. I did go short eight trading days ago. Covered too early and have been watching for a long opportunity. I do not see one yet. Will need to make a higher high and higher low. When they decide to beat up a stock there is no stopping it until they quit pounding. With their dollars they often extend it much beyond what should take place. Of course that is when they coerce many to catch the falling knife. GLTA
Plain manipulation by wall street to take it so low. Then wall street shares that investors were not happy with the deal. Investors had nothing to do with it tanking. It was the wall street traders. Happy that you longs are getting some of your money back. I know they say do not double down but I hope you bought some at 58.
Have to admit that I thought we might have a bounce today but a little gap up and more selling and shorting. Looks like it goes lower. Chart is looking sick and it keeps making lower highs and lower lows. Today doesn't look any different as sellers and shorts sitting on the offer. They probably enticed a few longs to take the jump this morning who are thinking, "Why did I do that"? May come back some later.
Takes mega shares to move it up and then they pull the bids and it moves down very quickly. Will probably see this behaviour as it moves up and makes higher highs and higher lows.The big boys JPM, GS, MS have to make their millions on the way up. Be patient. Gl2A
Recommendation was to buy on fast money. Contrarian method. Covered at 72.
If they are going to take the market down these momo plays are going to get hit hard. I know they have already been hit hard but wall street made a bundle taking them too high and with their shorts they will take them way low also. GL
If you are a day trading and take chances of buying over say 61 today. They often then jump in and short the whatever out of the stock and take your stops out. If you are an investor in WAG you need not worry over the long term. Since WAG bought the first 45% the stock has been in a position to go considerably higher. Now that they have the other 55% they will be in a position to do even better. Be patient! They may take it down more yet. They will eventually move on to another stock.
No doubt it will still close down a lot. I have no idea how much. Wall street will decide that but the leadership at WAG have proven that they know what they are doing. Leadership becomes the most important aspect of a retail, healthcare company. You should do well in your decision. BTY
AS the day moves along it is making higher lows and higher highs. Yes it is painful for the longs that were already in the stock but it is a golden opportunity for new investors. GLTA