Post by
bayoubucks on Dec 10, 2020 11:58am
Short attack?
Unless there's some unpublished bad news to come, this decline has to be a concerted short attack. Anyone seen a seriously negative review or NR?
Comment by
nixyvest on Dec 10, 2020 12:13pm
This did go from 40 cents to $2 in a month and a half. Could be all gaps being filled with a 50% Fib. from the $2.04. If the dollar doesn't hold then 78 cents is the next possible bottom.
Comment by
jermiah777 on Dec 10, 2020 12:14pm
Agreed....it's approaching a 50% decline from its high in less than a month. And everyone who bought in on its way down wakes up to see they got burned or "cut" This is the falling knife scenario....try to catch it at the low...where is it??
Comment by
lscfa on Dec 10, 2020 12:41pm
Tax gain selling. Trudeau going to raise cap gains tax in the spring.
Comment by
Nakate on Dec 10, 2020 12:59pm
shorty playdays, its a game of whack-a-mole, ya short then cover then short again cover short cover price goes up and stablizes for a bit then a whack share price sticks its head up then ya whack it some more soon there are no real buyers left and shorty slips out the back door, with all the prizes. stock dies. no one cares
Comment by
skinny4 on Dec 10, 2020 1:40pm
swamp has been cleaned...back at er boys
Comment by
lscfa on Dec 10, 2020 8:58pm
Backfired. Trader scum had to cover shorts and drove stock price up.
Comment by
Nakate on Dec 10, 2020 9:35pm
Some body may have had a very large market buy order that got triggered at 1.01 and being a market order it went off like a moon shot and gobbled up as many shares as it could before the halt kicked in, driving the price back up and triggering a buying frenzy. The trading was little odd after the halt.