I'm starting to wonder about certain posters. Seems like the technicals were overbought- and so I get the dip, but the ER should not have changed the sentiment so negatively. Then I see lower targets- doesn't make so much sense. Then when the dip starts to slow, and technicals aren't resetting as some would like, suddenly a hit piece comes out and cracks another 4% off. It's like they are all working in unison to attack a new up and coming solar company. We've got our regular swingers that come out for runs, that flip bear once the runs over, but this time smelled different.
Seems really odd that we'd have all this culmination of bears- and not even "claiming short" but just plain bashers come out after the best ER ever in the company. Not to mention pointing out "minute details" that are one tiny sentence in the companies filing dozens of pages long filings... Someone is reviewing these with a fine tooth comb looking for any discrepancies.
At least this time we have a bull article posted about the same time. Although I wonder about the timing there as well? Why would one come out within an hour of the other? Who decided which would come first? Were all these events and timing really just coincidence?
When the ER came out at a technical high, I wondered if we'd break resistance. We didn't. But then there was no way this was going to drop back to the 2.50 mark simply on technicals after that ER. So a hit job was orchestrated to push it back further. And now we have the same people screaming sell and 2.50 still- and even though after all this the ticker held onto the 4% losses. Maybe I'm reading way too deep into it.
This is likely all just factors of a microcap with a huge retail presence, which is strongly affected by traders and technical indicators...and unfortunately Seeking Alpha articles which make strong bearish accusations, but lack facts. The herd was scared and the article spooked them further.
The recovery off today's lows though tell me the bulls are laying in wait here. Maybe tomorrow we'll see some recovery- That ER wasn't that bad...it WAS really that good.
