My general theory on this is that there are a lot of crazy people out there. Who was selling RCMT yesterday in the 14s? I think there are a lot of people out there who can't find their butt with both hands, and they are actively trading stocks. In addition they say that 90 percent of day traders lose money. Then you have stops getting hit and automated trading algorithms. I have seen a lot of weird stuff over the years, and I firmly believe that the stock market has its own lunatic fringe that operates independently of any value metrics.
Doubled my position from what I had left this morning, and closed it all around 6.85.
Every share wound up profitable despite that heart in the throat drop. I’ll call it a win. The CC made it pretty clear this Q is the high water mark for now.
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