Sold at $2.6 two months ago, back to see $2.0 for now. Is this about the bottom?
Hard to say...
Could be close, BUT it will depend on a few things...
A). Will the market stay calm? If it goes down 500+ points, it could go below $2 easily.
B). It will depend on how management handles sale of new stock. If they do it poorly, we will easily see below $2...
C). If management has a good action plan for Fitzgeralds AND they pick up some customers from the closure of the Grand, that could help.
D). The general economy has to stay stable...Gambling is only going to come back IF the economy improves as a whole.
E). The Indiana tax rate should be lower to help profitability of Rising Sun.
I think there is a good chance at $2/share we could be getting CLOSE to the bottom...but we've got to see how a few events play out.
You must be pretty impressed with yourself to be this opinionated.
You already have shown you have no idea how a primary offering works. Yet under line B in your post you continue to talk about the sale of stock.
Please stop speaking as if to be an authority on the stock market. Your seeking Alpha profile has you down as an "occasional investor." Hardly qualifications to be teaching others.