Tuesday, August 22, 2017 10:35:49 PM
Spider Web, so you might know as a previous short?
Daily short volume increasing, buying decreased again.
Dude on ST just showed the half day candles and it looks similar to the pre-plunge pattern, down until mid/end lunch, then up on little volume.
Just some 'short aspect' brainstorming, what negative catalysts could be in the pot regarding to keep this from recovering?
- Market not appreciating the much higher purchase price yet.
- The lawsuit?
- Assuming that the proceeds won't make it up until 2019 EOY and hence further dilution will happen?
- Other negative regulatory updates?
Well, for me I stick with the recovery trade back up to $5.64/sh avg purchase price. Just a question of when, but may re-test $2.20 until then. Let's see end of week.
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