With the sheer volume today being 27M shares traded, pretty obvious that institutional and hedge fund players are shorting this stock. Goldman put out bearish forecasts your AGO and MGX this week. Would not be surprised if short interest is up to 10% over next few days. If you are still long and can hold, I would hold. There could be a good short squeeze here. I think $1 may be bottom here, value funds may come in here and look for long term position. UBS have $1.92 valuation.
AGO Price at posting:
$1.09 Sentiment: LT Buy Disclosure: Not Held