Since I bought this stock last month at $7.57, all I've seen is a slow decline in the pps. Until today. Today's gain felt great, even if I concede that we were greatly helped by the overall market's huge bull run. Where do we go from here?
If you bought this as a falling knife (which it looks like you did), then you got to expect it is going to fall past your price point. Nobody knows where we go from here. But my gut says there has been a lot interest at this level and the level you bought at. Be patient. We have to be very lucky for a quick buck here. This is a long term value play.
I wasn't necessarily trying to catch a falling knife, but I did notice that the stock was less than a buck higher than the 52 week low. Plus, the CEO spent about a half million bucks of his own money on an insider buy. So, 7.57 looked like a good entry point. I don't mind being patient. I think we'll do fine.