Certainly majority of people selling at these levels are taking a loss... the question is how many of the people picking up the shares are day traders because then that can cause a very slow recovery as they will be happy to take a pip and get out. If long term investors are accumulating then it could bounce quickly to high 30's.... It will then come down too how many pre-ipo investors are still willing to take a hit and move on.
who's selling cau, page-3
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