RE:What is with the sell off?No doubt the folks that played the run-up are taking their 50-100% profits.
The sp will continue to fall back to the high thirties, maybe lower as the months drag on and buyers get impatient or need the money. Have a stink bid ready if you can tie up the funds. The buyer with that stink bid of 28 cents must be laughing.
I won't touch my core investment but will pick up an additional 50-100k shares for the next run-up on the October spud. I'll sell half on the run up because I'm not convinced it'll be a game changer like 3B/4/B.
IMHO, so do your own DD, GLA .