There was a lot of chatter a month ago when Dougherty issued their upgrade. Could Ascena have an appetite? I think there is a lot more to this story with the recent Board shuffle and JD taking his stake above 10%.
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Another good action today. Longer it stays above $2.20 better it is. That area looks strong. And $2.00 would be my absolute bottom. lower than $2.00 you are looking at a technically broken stock.
Any new thoughts on it bottoming here...big guy at 2.30 last Thursday set off the run up. Bounced of 2.20 a number of times and is settling here around 2.30 but without volume.
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Up another 16%. Making peace with Marcellum Cap Mgm't is agreeing with this stock price. Maybe I can break even some day at $6.50 purchase price.
Grabbed some shares at 2.45 not sure if I will keep them through the weekend. Enjoying this second leg up, thought it was stalling at 2.50.
This is interesting. And it has high volume. I would watch this carefully today. If it stays around here a few days it means that it is forming a bottom. Which may be a little higher than I thought. If $2.30 holds
for the next few days than it may be bottoming there.