InvestorsHub Logo

smarterer

11/13/18 5:54 PM

#158647 RE: drrc1949 #158644

anyone have a synopsis of what the hell happened?



Share price dropped a bit...

shadolane

11/13/18 5:55 PM

#158648 RE: drrc1949 #158644

Yes, we've been collectively bent over the table.

smarterer

11/13/18 5:58 PM

#158650 RE: drrc1949 #158644

anyone have a synopsis of what the hell happened?



More expansively, a pretty significant short attack has been going on. That in turn is likely triggering forced margin sells, which in turn is panicking more recent buyers who got in at $15-20 thinking that the amazing news over the weekend would result in a spike up, not down.

When folks get confused and scared, they tend to sell to give themselves time to figure out what's going on. Often the price can spike up nearly as fast, and they end up going back to CD investing feeling swindled by the market games.

bidmark

11/13/18 5:59 PM

#158652 RE: drrc1949 #158644

Eleven hundred men went into the water. 316 men come out, the shorts took the rest.

mapman1010

11/13/18 6:37 PM

#158683 RE: drrc1949 #158644

two word synopsis: Margin Calls