Too many positive events about to occur. Too many buyers waiting on the sidelines waiting to buy bargain shares. Accumulation pattern is very strong.
I do analysis on stocks and have studied the impact that the expiration of the wash period has on the share price. The market cap at the time of the initial drop, potential for the company's recovery, assets of the company ($85,000,000 cash on hand),market for its' products($3 billion market) all are taken into consideration. The accumulation and price recovery as the end of the wash period approaches are also examined. My analysis indicates that this will easily be above $7.00 within two days of the expiration of the wash period. Any positive news will take it above $10.00.