yesterday's price action is not to be confused with reality, it was an anomaly - Sheff and his lemmings caused all of that
Its common knowledge that a company underprices its IPO and then blows out its first ER, this is done to appease all the investors and bankers. PT $34 post ER
Sheff bought during the day and then he stopped out at 3.20. his blind followers panicked and all sold hence the price action yesterday, it was just a weird day for this low floater stock, looked way worse than it should've. without Sheff and that foolishness it probably would've closed at 3.20
A lot of people will be waiting to dump this scam stock who bought at highs. Shorts won that battle, they will again tmrw too.
And also there will be an SEC investigation into these allegations, any hint of truth in them and this is going to single digits quick. A halt could come at any time. take profits while u can
9 will come again very soon
obvious the market doesn't believe these too-good-to-be-true numbers. its a Chinese scam stock with false numbers. Shorting everything tmrw
Sentiment: Strong Sell