Sold half my UBNT shares yesterday because I just had a bad feeling about today. Bought them back just now @ $47.36. Hope I am getting this right. - Frank
I bought more shares this morning, too. I’ll be watching for additional entry points in the coming days. I had sold a goodly number of shares around the $60 price point a while ago. I welcome the opportunity to re-stock.
Here’s something worth noting: As of mid-April, the short ratio is 18+ percent. The short interest as a % of float is > 33%! That, my friends, constitutes a veritable powder keg that can explode most unexpectedly. That also explains why there’s so much negative chatter on public forums. The shorts want to drive the share price lower. That works for me. I’m in “accumulation mode.”