Concider this as a partial reason for today's Bomb.
Yes, big money drop but what did ACB investors say when in a little over a week (the last bit Jan and into Feb) share price dropped from $14,00 to $7.00?
My thoughts on today's drop involve those who bought big vloume on margin during the hype and most of those have to settle up by the end of this week (month end).
Also some who went short saw the short failing before they were fully covered. They played the odds and changed to go long on margin in a big way. Thus not only no loss but a good win at the end of the play.
Third using warrants to cover sell short until you hit that strike price is a no risk.
Not happy about the loss as even with my small position it is freakin thousands. I was guessing a low $3.25 but admit I bought a little touch more @ $3.15
The game is still in play so good luck