i'm not a basher at all. BUT, i bought a few times and had to sell at slight losses because i saw that this stock was experiencing lower lows and lower highs. i gave a heads up in my post about it going to 5.95 when it was still above 6's. i saw it falling to the 4.90's so i warned about that too.
this stock is pretty manipulated for the house to win, and if we sneak by and make money on it we're lucky.
The actual value of this stock does not seem to be a factor.I suppose one should just buy at this level, as the company could declare BK and sell for three times the stock price, but it really is a bit disheartening. We really need it to get on a brokerage's rarar.
The net cash (after paying off all the debt) is about $7.33/share. So, we are trading about $2 below which equates to a tremendous discount % wise. I have been trying to catch the bottom a few times already. I had to sell at 6.24 last week when I saw that the macro conditions worsening. But am buying back now in the hope for a short term QE3 bounce for the markets. Sad thing is that the big banks are bouncing back faster, even with multi-billion lawsuits for one of them (BAC).