Somebody(s) is soaking up a lot of shares around $2, and it sure isn't retail. You'd expect a continuing gradual drop after the letter and a possible small break between catalysts - not just a penny or two a day. A lot of lesser-committed retail longs have tapped out, yet we're still holding steady and popping a little on any PR.
Wouldn't surprise me a bit if the hit pieces, the letter, the lawsuits, etc etc etc were part of a scheme for the powers that be to start loading up on the cheap. Otherwise who's buying right now, besides people like us when we can on dips? There may be 40,000 of us max, that's a drop in the bucket in the overall scheme of things. And many people like us are maxed out and aren't buying even on dips.