This is worse than 2008 as the whole market tanked. These semi stocks are not going to be coming back like they did in 2009. IN 2016 this stock will lower than it is now.
Steve, what price did you purchase? Since the name of the game is to make money one would have to reason that the shorts are not dumb. They maybe a little numb at making so much money. Yes, the analysts were out positive on FOGO . Usually they were involved in selling the IPO. They do not tell you to now sell the junk we sold you.
Well I went short at 19.79. Can make a little money back. Certainly do not believe that they would sell for 21.
NYSE has created a fair bit of disruption so what do they do for the last 50 minutes.?
Shorts are moving it down on very little volume. This is how you get big drops and folks are left bag holding.
With all the liquidity in the market wall street is now using much of it to take stocks down. Yes the FED has down a great job of saving the rich and now they will let them destroy what is left of the middle class.
Obviously these analysts are not to be trusted. Have you noticed that CENX is in free fall. The stock is down nearly 8% and the day is not over. If you received 8% on your money for the year most people would be happy. I am seeing some similarity to 2008 when it was 80 and dropped to 15. Be careful. When wall street gets nasty the little guy is the loser not wall street. They have no problem shorting this to 3 and covering. It doesn't matter if it never gets back to 9 to them as they will be long gone and continuing to make their huge bonus's