Not smart enough to understand your metaphor. Bought more three times on the way down. Hope it's not a case of they know something we don't. Have seen this price action before when it went below 13. MM wiping out stop losses to raise some inventory. Hopefully to fill some insider orders.
You'll learn not to buy just because it is down 50%. There is a reason and not necessarily a buying op. Read about NIHD or AMSC. Both stocks have crashed and burned, but gave plenty of opportunities of owners to leave before the bottom. If you bought just because you think it can't go any lower, you would have been wrong.
Some nice insider buying early last week. They didn't expect it to go lower. Good to have some insiders in the same boat as me.
May 6, 2015 HOOD III WILLIAM H.
5,000 Indirect Purchase at $16.04 per share. 80,200
May 5, 2015 POITEVINT ALEC II
15,610 Indirect Purchase at $16.67 per share. 260,218
May 4, 2015 HOOD III WILLIAM H.
10,000 Indirect Purchase at $17.10 per share. 171,000
May 4, 2015 MENON DEEPAK
3,475 Direct Purchase at $17.03 per share. 59,179
May 4, 2015 POITEVINT ALEC II
4,390 Indirect Purchase at $16.95 per share. 74,410
May 4, 2015 HUDSON SHERRILL W
15,000 Direct Purchase at $16.98 - $17.39 per share. 258,000
Still being punished a week later. Need some insider buying at this low price to give some hope for the stock price to recover. Any comments on option action?
Selling is relentless here. Maybe more than a currency hit. Sales and forecast must be weak. Could be just somebody wanting out before ER, but looks like the news is out.
There some negative sentiment heading into earnings. Hope they surprise those that decided to sell prior to the release. All the selling doesn't look good for this report. Maybe they will give some good guidance going forward.