The reason that this stocks spiked was because they had the new CEO and the company laid off half of their employees to reduce the cost. And I thought that the news was not that great, it doesn't make any sense for the stocks to have such a big spikes so I thought it was just a pump that was the reason I shorted this stocks. It squeeze up to @1.96 in the midday and crashed all the way down to @1.69 by the end of the day so I covered my short @1.71