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Here's an interesting case study. $TWOU, a small-cap growth stock with many of the same shareholders as $TSLA. Missed earnings and guidance is squishy. Stock down 50%. Tesla misses (always) and stock suffers fractions of what happened here in $TWOU. 
I get this is a small cap, but the missing ingredient is retail.
Because it's a small cap, there is not much retail here. OI is a blip. No converts, no debt. No CNBC chatter. No widespread interest.
Because it's a small cap, there is not much retail here. OI is a blip. No converts, no debt. No CNBC chatter. No widespread interest.
$TWOU's average daily volume is a fraction of its market cap. Because it is owned by institutions. Dealer's are only really responding to one factor here and now: long holders that want out. No derivatives, no convert delta hedging. Just plain old one-way selling pressure
