2.00 has held strong for 2 days now....I hope it doesn't break.
I have a feeling there are quite a few stop losses that might get triggered if it dips.....I am long the stock and holding until next year. I hope I am correct and it hits my 5.00 target for 2015. I am Greedy,
You know I just realized something. There is the over-allotment option. If I knew I could get the shares and knew nothing about the company I'd consider shorting it at a pretty low value (maybe not $2.01 but close) and just delivering the shares when the over-allotment takes place.
Don't know that this is possible but it is another reason for the shares to be under pressure until the 30 days expire or the over-allotment is subscribed. I had hoped that it wouldn't be subscribed but the more I think about it the less likely I think that is as there is an arbitrage opportunity. Too bad.
Hope not too but it is at slightly below book value. If it did go below $2, assuming there hasn't been negative news or a general crash in prices, I think it would get some serious buying from the value crowd.