I think this is just the first round of shakeout. These companies are largely retail-owned. No way the mm’s/hedgies were going to let a bunch of retail make an easy killing. They will flush a lot of investors out and then run it up again after they are positioned. A percentage of the companies will fail because this attack on the sector’s stocks has destroyed some companies’ access to capital.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.