Seems likely shorters were revelling in todays price. I could be wrong but the financials here are bad and the bad news ain't likely over.
In my experience the holders ain't seen nothing yet. When the shorters Algos banish the price with massive stacked sell positions the share holders will be absolutely shredded to pieces leaving retail for dead. And.. The shorters can't really be blamed.. They have got it right.
I have made mistakes before tho. I thought SGH was an 80 cents stock. Got that one very wrong....
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