I guess the shakeout should be over in a bit of time as some "investors" in ISM have to liquidate for whatever reason? 39K and we drop 18% or so. The market is quirky.
As we sit there is a 10 cent spread between the bid and ask. $1.47/$1.57 How's that for close? LOL!! As I write it sells for the ask at $1.57. We now see $1.49/$1.58 spread is only 9 cents......again still laughing and trying to have a first coffee.
I feel sorry for the souls who have to unload this stock faced with some liquidity issues elsewhere. I feel fortunate to be able to say I don't have to sell. I wish I had more money to buy at these prices.
Ask yourself if this is informed selling? Ask yourself if what we are seeing is something COMPANY SPECIFIC? Ask yourself does the volume suggest anything horrible looming? Ask yourself if your wife might lend you some money to buy more?
Cheers and GLTA