$INTWB —the more it falls, the more people rush to trade it. It ranks first on the 24-hour losers list, down 23.35%, followed by $SNDKB at -11.03% and $SOXLB at -9.73%.
It’s now down 53.9% over the past 7 days, yet its 24-hour trading volume is 4.7 times its average daily volume over the past 7 days. The current price is only 10.4% above its 30-day low of 6.61. I don’t think this sell-off is over yet. If it breaks below that low, there won’t be much else to use as a price reference 😳
With so many people still trading it back and forth after a drop like this, do you think they’re trying to catch a rebound, or cutting their losses and getting out?
It’s now down 53.9% over the past 7 days, yet its 24-hour trading volume is 4.7 times its average daily volume over the past 7 days. The current price is only 10.4% above its 30-day low of 6.61. I don’t think this sell-off is over yet. If it breaks below that low, there won’t be much else to use as a price reference 😳
With so many people still trading it back and forth after a drop like this, do you think they’re trying to catch a rebound, or cutting their losses and getting out?
