Sad to say, it looks like we were right last week when we pointed out the coincident ripfest on Thursday that ended perfectly at a previous VWAP close and enabled heavy volume to exit into month-end (and on those weekly option expiries). With a $26 handle once again and having traded as low as $26.57 this morning (40% from the $45 IPO-day highs and 30% from its IPO level), FakeBoom truly is the gift that keeps on giving... losses.
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