Thanks. What is really interesting is to know who bought those 4M shares. Obviously in this pendulum swing from $12 to <$1, that today's 7 penny swing is really nothing.
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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