Tuesday, August 23, 2016 5:07:37 PM
What's key is who sold (shorts?) and who bought (long term investors?). Not retail investors, hopefully that is obvious. Imagine if shorts fighting the price sold 4M shares to long term active investors (who are in it for 3-5 yrs or until the price hits $20). For $1.5M, some or several funds may have locked in a loss for shorts of $~$80M if news is positive?
I don't know, but even though the 7 cent drop is a pain, I don't really know who is shaking in their boots tonight.
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