RE:RE:nobody trying to gut the price (yet)What kills me is that the volume is so low. In order for this to turn around it needs a capitulation day with huge volume. Need panic selling. That has not happen yet. It may be tomorrow when they announce that SNC is going to trial. These low volumes tell me that there are no margin calls. Also, people are stuck with shares because they can't sell them without crushing the price. Looking at level 2, I don't see meaningful support level. I checked the news briefly this morning, but I don't see any reaction from anyone about SNC's debacle. I would think tomorrow's news is priced already, but you never know with this one. Who knows what is the good entry point.
rob1237 wrote: New year low. Below $25.0. I guess the boys are back from vacation.
NomadInvestor wrote: Looks like the momentum shorting is taking a breather today. Either it's stopped for good, or because the people doing it are on holiday. I would bet on the latter.