🔴 $INTW just lost almost half its value in a day — and I think it's not done falling
A day ago, $INTW was trading at roughly $17.60. Now it's at $9.60. That's a drop of about 45% in 24 hours, which means someone who put in $100 yesterday is looking at about $55 today.
What makes this harder to shrug off is the money moving through it. About $151 million worth of $INTW changed hands in that window. A drop this big with that much trading behind it means plenty of people are choosing to sell, not just a few nervous holders.
My call: this leans toward more downside before it settles. Crashes this size rarely find the bottom on day one, because the people who bought near the top are still sitting on losses and many will sell the first bounce. The thing to watch next is whether trading stays this heavy while the price holds near $9.60, or whether it keeps sliding. If you were holding $INTW yesterday, would you sell here or wait?
$INTW
A day ago, $INTW was trading at roughly $17.60. Now it's at $9.60. That's a drop of about 45% in 24 hours, which means someone who put in $100 yesterday is looking at about $55 today.
What makes this harder to shrug off is the money moving through it. About $151 million worth of $INTW changed hands in that window. A drop this big with that much trading behind it means plenty of people are choosing to sell, not just a few nervous holders.
My call: this leans toward more downside before it settles. Crashes this size rarely find the bottom on day one, because the people who bought near the top are still sitting on losses and many will sell the first bounce. The thing to watch next is whether trading stays this heavy while the price holds near $9.60, or whether it keeps sliding. If you were holding $INTW yesterday, would you sell here or wait?
$INTW