May. 15 at 8:35 PM
$VUZI Regarding Yesterday’s After-Hours Sell-Off.
The drop from
$3.08 down to
$2.40 after the earnings call looked pretty extreme. What stood out was that the heavy volume came about an hour after market close — exactly when most retail investors can no longer actively trade.
Sure, part of it was classic “Sell the News”. But with still-high short interest and extremely thin liquidity in the after-hours market, it does raise the question whether some of this was intentional pressure to trigger stop-losses and shake out retail holders.
Today the stock recovered nicely and almost fully retraced the losses, closing at
$3.00. That suggests the fundamental pressure wasn’t actually that strong.
These kinds of moves are nothing new with VUZI… but they’re becoming more and more obvious.
