Oversold with a 57 RSI? I don't think so. 2X average volume today. But there is stil 25% short in the float with almost 9 days to cover. What will be interesting is when the new short numbers come out this friday.
This is an asset rich company sitting on some very nice future revenue streams, this is no guy in a garage. The new management team is cleaning up some sloppy accounting practices and aligning with the private equity to achieve the right balance. I sold my position today at 3.05 but will be back again when the technical indicators set up again. Come on out here to the shale fields and take a look, amazing.