I thought there might be a bounce starting the new Q but does not seem so. Looks like the recent past, low volume and no buyers even at the greatly reduced SP. The street does not like uncertainty and they only want to see actual numbers and lawsuit progression. CEO may as well not bother to speak unless it's to announce his retirement, otherwise the street believes nothing he says. Not sure why some longs here seem to.
not necessarily.. because if all you did was keep adding from $14 $13 $12 $11 $10 $9 $8 it would all be losing bets.. so $7 only looks good if it goes to $8 $9 $10.. but if it goes to $6 $5 $4 adding is only adding to a losing bet.. and that is NOT GOOD!
you are right in that nobody wants to hear Raj speak.. I mean after he tricked the investment community to believe that the company would grow in 2013.. and then surprise 3 weeks later with a -45% decrease in revenues.. all the market wants to hear is that Raj has stepped down and SPPI has appointed a new CEO.. that would be the BIG NEWS RELEASE and some hope for those who are long!!!