The stock is now short restricted. Where is the SEC? They must think it is not unusual for an analyst to upgrade a stock to their pick of the year, and then 2 months later, and then without any public information released by the company they reverse course and reduce the target price by over $5ps. Oh, and before the report is released the stock drops .50ps with heavy volume and tons of shorts entering. Then after the report is released the stock drops another .70ps on no info from the company. This is #$%$ disgusting.
This is so typical. Two days of 3-5% down days, and then the negative article to beat it down another 3+%. From a fundamental perspective, there is no reason for this type of trading action. It is pure manipulation, yet it goes on, an on. Someone needs to go to jail.
If there are so many people that believe, as I do, that this stock is severely manipulated, then has anyone filed a formal complaint with the SEC? The trading action on this stock, along with the constant bashing by Chardan ( a group that paid fines associated with short selling), should be enough to warrant an investigation. This stock traded at $9.4 a week ago, then without any significant news trades below 8.00 on options expiration? Someone needs to go to jail.
This is pure manipulation by a group shorting this stock. My guess, and opinion is it could be the group affiliated with Chardan, Barrons, etc. They are doing their best to bust this down. I am surprised that the negative rumors have not come out yet. Last time it was rumor of an earnings miss, then it was Jay and his 500th drive by. This past year has been filled with false rumors, and BS.
Good post. It is amazing how aggressive these short leaches are. They are trading this like it is going BK.
The shorts are controlling this for now. However, one day there will be buyout news, or another event that will send them scrambling. This company is growing, and will make money. Shorting this at 14.5 makes zero sense. Wait and watch.