Will there be a dead cat bounce on Monday or will it continue to slide?
Sentiment: Strong Sell
Should definitely be $8.5 next week. On a longer term, $5-6.. They've burned way more cash attempting at a silly come back instead of soliciting merger/buyout last year.
But they didn't burn any cash?
I doubt it'll bounce just yet.. a lot short positions were closed out today, now they have a lot more ammo to knock it down more. I'd stay away for a few days.
Slide for another $1 for the next 2 trading days, then climb back slowly, eventually around $12.50, then will depend on what the rumor mill breads.