Wednesday, June 08, 2016 3:35:38 PM
It is a some kind of raid put together by KLR Group and the Street.com. Here's the way its works. KLR Group downgrades the stock to a hold and Cowen Group also downgraded the stock and given it a price target of $13, lower than the current market price of $15.50. Then Street Blast the stock with nasty remarks.
Why is this not a sell off? Because the average volume is 16,858,900 shares over the last 3 months. Sell offs and big drops in prices are ONLY confirmed during increases in volume. At 3:40 pm, the total shares sold was on 11,800,000 --- 5 million shares less than average and the stop is down 7.20%
No high volume with a servere drop in price signals stock manipulation with the Street.com at the very center of the action.
It will bounce back to $15.50 is less than a day or so.
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