Lot of shorts gambled into the close....were probably hoping for the 1 pt drop at today's open. The drop this morning looked fabricated at the hands of an ALGO. Now up this morning, though on below average volume. There's a good chance we'll see 15. There's also a good chance that multiple ALGOs will run amok for the shorts triage de jour.
4wd- Are you still in? It appears that some of your buddies who bought @ $5.92 have hit their stop loss. Down today 5% on above average volume.
4wd- Are you still in? If so, what is your stop loss set at? VOXX has dropped 10% from your good buy entry....will you hold?
Good Move, particularly if you're on margin.
10s of 1000s of shares now up for the asking price of less than $6/share. Your capitulation is appreciated. Soon, others will join in, driving VOXX down below $5 where I'll then begin to pick over the bones.
Many thanks to you and the other capitulators. Without you, I'd go back to shorting Amazon.
With VOXX, often more times than not, today's "good buy" is tomorrow's nightmare.
Best to wait 3 to 5 trading days with this one, unless you're comfortable saying "good bye" to your principal.
equity like VOXX is once the herd is pointed towards the exit, there's a line to get out the door.
Limit orders become market orders as the panic spreads. If VOXX trades at or near $5, then look out below. Institutions often are forbidden to retain equities below $5/share.