Yes, I agree that the original run-up defied logic but this situation is significantly different. BTW: I did not know about the social media thing with regard to this stock price action this summer. That is very interesting and I thank you for that information. I'm not sure if the run-up after the announcement that they were coming out of bankruptcy was media driven... that event seems like logical news-related price action. What's called a triggering event. For Example: the 9-11 attack was a triggering event back in 2001. However, the market was just looking for a reason to go down at that time. I was working for a small Money Management company at the time. They had sold all positions and gone 100% into cash that summer. Why?... because there were very strong indications that the market was going to drop.... all it needed was a triggering event which, at the time, was the terrorist attack.
The emergence from bankruptcy in November was a triggering event and it made complete sense that the stock would go up as it did.
The situation now however, is quite different than a social media driven event and I stand by my logic.
We shall see.
News 
Market Data 
Discover 
AI
