|Definitely an interesting day for both the market and REFR. |
As you've pointed out, REFR volume was very heavy today, although less than $200K traded. Not sure how much tax loss selling there will be, but that is a big downside risk. While it seems like the shorts would be buyers at this level, they did reduce their short position by 350K shares as of mid November. Maybe they've got more dry powder and still think it's a good short.
As I said over the weekend, going to be an interesting month here.