Yonuts, on your question of whether you should wait to see if the price goes down further:
if you are worried it shall. wait. don't buy any UBQU stock. if it does show say, a 4 Bid at 800M+, odds are you can then set a bid there at 4 should you want in and you might not get it filled, but little risk if no fill, right?
but in the end if you don't want to buy ubqu stock, waiting is the safest answer.
should you want to get into UBQU stock, I'll suggest a dollar cost averaging strategy. I'll mention what I've been doing these last few days.
I always tend to not place my entire bet at once and never "at market" In general, say if I have a 1000 dollars to bet, I'll bet....100 dollars...wait a bit....and if it goes down double my bet if I believe in the company.
for UBQU in trips this is a little more difficult.
but what I've been doing is placing 25000 to 225000 limit bids on the 5s.
you are correct, today folks were more willing to sell to the 5s than let the 6s be slapped. but also note, nobody decided to "crash" the bids and drive us to 4. once the bid got higher than 40M+ someone would sell, 10M into it.
I doubt those were small hands like you and me. anyone holding just 10M would have probably sold it on the way DOWN from 10 not waited for this rebound and not given up solely today.
in my opinion it's all a psychological play by those who control 800M shares of more of this stock. market making securities firms, hedge funds, institutes. all done to provide liquidity in the trade.
so, say you had 1000 dollars and you decide you want into UBQU but are worried we might head down from 5.
I'd place a 100,000 share bet on the 5, 50 dollars. now you are in. if we rip tomorrow, at least you can make something on 50 dollars.
but sure, it's clear the bid is so thin should someone decide to jsut smash 100M through it, we're back at 4. so why not wait?
now you have 950 dollars and are looking at a huge 4 bid which you probably cannot get filled but then if you want, place a 1M bid there for 400 dollars. and at the end fothe day, slap the ask at 5 for 25000 for 12.50
say we get a real rout....that 800M starts to have folks leaving it and 100M sells wham wham, well you can either pull the ripcord on your 62.50 and sell 125K into the 4s for 50 dollars for a net loss of 12.50 and you walk away whew! or you wait to see if you can get a bargain at 3 or 2 as some others who have flipped this stock in the past have done.
anyhoo, that's the bear scenario but regardless of the 5 lull, we are definitely in a bullish trend right now. but I really don't think we rip tomorrow, folks are going out having their long 4 day weekend. maybe have started already.
so my guess is you can tomorrow get as many 5s as you would want. and maybe slap the 6s at end of day for a trifling 25K (oh note, market makers tend to sell small slaps at fractional trips so you can get a BARGAIN doing small slaps sometimes. we closed at 000535 today for example
but over all, our PPS IS being manipulated. folks want a higher closing because it's good for morale, those, INCLUDING market makers imo, want a LOWER closing price because it might make retail investors fearful.
Hope this helps. if you are thinking the price of UBQU will go down to buy it, one might still want to buy aLITTLE bit now, in case it doesn't. but other than that, to me, yeah, it looks like we won't see another catalyst until next week, and trust me, if we get another catalyst, you'll have time to chase maybe get 7s, 8s or even 9s before this thing gets completely out of hand.