Check the 1 year ULTR chart. The float is 31 million. This is normal profit taking and the rest is just selling on all the red as some buy and immediately sell on any red. It is just the ay the big boards work all the time on news with stop losses in place. This sell off was expected after a almost 200% run this AM. Most sold into it and will wait for the pullback before re entering. I am betting on seeing some in the .30 range soon. That will be a time to perhaps re enter. I am watching close now.
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