But that volume was from last week's downgrades. It was downgraded by 3 different firms last week which caused that huge drop from $17 to $10. Now it's back into the $13's trying to fill that gap....
I'm only gonna bet small on it so not worried if it loses. This is just experimenting for me.
The downgrades are for a retail psych job. The smarter money has already had a heads up for a while. Just been my experience with these and why I don't take those things seriously anymore. It's why you get upgrades and see rallies get sold into by institutional money.
I mean think about it .... 50% of the float comes free on a 4 year low?