Wow Picker that one has got to be your biggest challenge yet. Technically what is there to see? A downtrend into the abyss? And for good reason....look at how much money they are losing quarter after quarter. Last quarter it traded at 70 cents a share and showed a quarterly loss of $2.19 per share. What are youuuu thinking?
You did get your test today, but, it's in a downtrend....it can just keep on falling....supply has already proved itself and it doesn't need any rhyme or reason to go down. I wouldn't give it anything. If it doesn't start working, I'd just get out. On the other hand, this could be the beginning of a trading range between 0.58 and 0.77. and you seem to have luck on your side with these fallen angels.
In my years of experience, contrarian plays have been the most profitable for me. All the left for dead stocks turned around PBR, JCP, GMCR, HPQ, FSLR, CHK and the list goes on... I've seen WS play these games too many times.
They also have some 7B-9B in assets and cash to survive till early to mid 2015. Anyways, what would you like to see technically for the Feb-28th gap to be filled? Also, what wave in the downtrend do you think it is in?