RE:After good Update
snowpest wrote: From Yesterday High to today closing we lost mor than 14% and this after good news.
From January every time we got news it was good news, analists in favor , Q1 good ,Q2 update was good yet from mid March we underperformed almost every indexes. Is this the work of shorters? Investors getting out triyng to preserve vathever is left from last year big run, late investors triyng to avoid more losses, perhaps the combination of all of the above. I'm really puzzled it's like watching a rock roll uphill.
I think a big part of it is long term investors getting shaken out by the prolonged underperforming stock price. Investors from a year ago and longer still have massive gains on paper... quite possibly trying to preserve that. I really don't blame it on shorters, although I could be wrong. Long term investors exiting alongside with, over the last 6 months, heavy insider selling, it's just hard to keep up. We need some whales to get involved but at this point it's like catching a falling knife.