A: QUOTE "The goal will be to drive the share price down so the shorts have a chance to cover. Any remaining weak longs will also be shaken out of their holdings as panic mode sets in. They will drive it well under $20 on high volume."
Good assessment......also there are 150 thousand call option contracts with a striking price of 19 to 30, expiring Friday this week....call sellers will do everything they can to keep the price down this week.....if you absolutely have to sell, you should IMO at least wait till next week!
Good call all around Anonymous Fish. What's your thinking on the rebound? I have to admit, this drop really loused up my morning getting my Nov 16 Calls moved forward. Shouldn't have been surprised...that's AMRN! Lol.
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