RE:RE:Very nice bounce off the lows today What makes you say its day traders buying the bounce?
I could easily argue that day/momentum/swing traders bought the stock as it was pushing highs, and they're now the one's panic selling. And who's buying? The actual investors who know this stock is grossly undervalued, willing to step in on a transient event because they know this doesn't change the fundamental story one bit. If anything, ETMC actually ends up in a better situation as they're able to secure a more favorable deal with a new startegic partner.