Rex Feral
The day to day swings appear to be over again,,low volume narrow price ranges,, same old holding pattern just 20% lower.. Shorts are doing a great job of keeping the SP in check to protect their gains. Longs, have no intention of selling anytime soon and short term buyers who paid pre - meltdown prices are starting to sweat.
With a pre - December SP hovering around $4 and a short position of over 9 million shares, there's a lot of people sitting on a 25% gain, there's no way in heck they're gonna let the price go up unless they decide it won't go down any further.
No difference than if the price were sitting at $4.90,The short term and long investors would be putting up roadblocks to stop the shorts from bringing the SP down.
No need to panic, there's an intentional play being made to keep SP from going anywhere, has nothing to do with the company. EVERYONE except those that may be forced to sell at a loss are doing very well right now..
ENJOY all the snow..