M1 stock retreated by 7.9% to close at $1.935 yesterday after the major shareholders of M1 decided not to proceed with the strategic review of the company. Also, M1 reported a 20.8% fall in its Q2 earnings. The selling of M1 stock yesterday was carried out on a high trading volume. M1 stock price is now at the oversold region and its price below its 200-days moving average. Yes, when it was announced that M1 stock was undergoing a strategic review, the investing community thought of the stock as a potential acquisition target, sending M1 stock price up. I was one of the investors who bought on the uptrend of M1 stock at $2.17 and exited at $2.26, earning an approximate 4%. I sold M1 stock when I looked at the technical charts which showed that M1 was consolidating at around the price I sold ......