No News is...Good news?
There have been a few people on here posting that there is really no upside news, so that will lead to the continued decline of SP. I don't think so.
There really is no downside news in the next three months either - nothing other than fear and misery causing longs to sell, and greed is the only reason for anyone to continue shorting. CIBC has been a big seller in the past month, and they are moving some big iceburgs again today - that has to be a smaller institution. The analysts ratings that are being 'issued' this week were provided to big clients right after earnings, and so most of those shares are out. No matter what, there are some very large holders of YLO that can't get out even a small % of their holdings, and so well they may not be buying, they likely aren't selling either.
The MMs are playing ptich and catch every day, right after the company finishes buying. Why they decided to use TD is beyond me, since the crooks are playing off of the inside of when the buys are happening.
Anyway - it is the lack of potential bad news, that will stabilize the stock IMO. Over the next month, fear will subside, and every day, there will be a buyer looking to pick up a net 600K+ shares. Without the shorts to keep the pressure on, and with the smaller institutions and retail holders out of the way, this should climb back to about $4.30 or a 15% yield until Q2 comes out. I don't expect massive rapid short covering, but more of what we saw today, where the price jumps a dime, and then those looking for an exit, sell into the rally - helping shorty out.
Days like today - where the broader market is dark red, are great days for shorts to cover.