The optimist in me is taking this as a positive sign. It looks very much like a tree shake. They probably got a whole bunch of stop losses to go through and picked up the shares relatively cheap. The vwap (currently $3.355) is what we need to look at. Although it has been declining over the last 2 business days (and today likely to be a fall as well), the overall trend is still up.
I was close to selling yesterday but I reminded myself of the fundamentals. I would not be surprised to see the EBITDA target lifted or atleast a narrower range provided that is towards the upper end of guidance.
I sold out at the lows more than a year ago because I was unsure we can pay off debt, pay for ASC and also if the board/management is working harmoniously. Even though I have not been following closely, I gather that we out of the woods regarding debt (my biggest concern originally).
The other main thing is that the new CEO is aiming for growth and he is emphasizing on it and I dont recall Brett putting the same emphasis on growth. Market loves growth..