I dont know who bought at 260 but I have been in and out from about the 26- 32 Level. It swing trades like a Beast
A business with low barriers to entry. They did have first mover advantage 3 years ago though, but they didnt keep innovating and lost the edge.
Everyone already knows they will lower guidance, I dont see why it would drop under 26-27, BUT if they lower less than expected, the stock will rally to 30-31. LOL
They said this when the stock was at $23
Not only that but the threat of default has gone to almost Zero, and alot of people were betting on that for the short thesis
You have to ask yourself, who wants to buy today after it ran up 7% yesterday?