You asked what has changed from last Friday and the answer to that is the new "perception" that CEO Mark Ordan is going to be able to stabilize SRZ via re-financing. Perception and degree of confidence when valuing a stock is everything. Prior to last week, investors (shorts included) decided to drive this one into the ground ($.27) and much of that action was driven by a complete lack of confidence. That was absolute panic selling at its very best. The selling was way, way over done and now the stock is simply getting re-adjusted to a new reality that perhaps this outfit will once again get back on its feet and mirror its current image of a "first class" senior care facility. Like I've said, over and over, this one in time will recover very nicely. Meanwhile and as I see it, anything under $5.00/share is a super duper steal and I fully expect the stock to get back to its former levels once we have a much better general market environment although that might take 12 to 18 months. In any event, that my two cents worth and I intend to buy more.
to trade at 27 cents the story had to be bankruptcy....this is what was driving the stock down. the bond raiders did their trick here [too bad the sec doesnt look into this game ].. but being basically a single event story it reversed this week on the climactic news that the new president was getting positive results with lenders. there is more to come on refinancing within the next 30 days and if srz succeeds there is no reason not to bounce back at least to the 15 tech resistence. buy the rumor of more refinancing and sell the news. dont lose position as you wont get it back. over 5 it gets marginable if those rules still are around. dips will be forced by short sellers who control the trading unless it picks up sponsorship like motley fool [if these type services have any following left] and creates 10 million share trading like the old days . we shall see. 50 cents to 15 may be the new reality