I was thinking like you for last few quarters and i was WRONG from the $17's. Don't unestimate when fundamental has changed.
me suspect someone knew in advance earnings will be bad so they bought it up 1 day just to sell it at much more volume, higher price in series of days following after that. Will watch and see Jan 24th.
It doesn't look like this deal gong to get through and CTB will be in significant risk. We might break down below $20 today.
is that i was under estimated the amount of selling pressure going into the trading day today in TIBX.
It is lucky that the market is up or else TIBX is crashed even harder than this... At this point is day i really don't think we will bounce back at all from this level.
then you will see TIBX going back up fast.
I know but buyers seem getting weaker and weaker and the selling in mass shares still quite strong though... In safe to set your stop loss just in case it breaks down the low.