Before the dilution, I made money swing trading this stock and the trading range was the low $12s up to mid 13s, I feel pretty sure that we will get back to those numbers in a few weeks, but for now I trying to figure out the new temporary trading ranges and it looks like for now the range will be tight. My guess is $11-$11.50. Some of you have a lot more experience dealing with dilution prices and how long it takes a company to regain the pre dilution p/s. What are your opinions as they relate to the current trading range and how long it will it take for the market to forgive the dilution.
After the past month or so of getting in too early.watching another big drop and cursing myself, I got an average of over $1.00 and took it. I think we safe in thinking we will get back to over $12.00 soon, but where will this bottom be?
After almost a week, it looks like I missed the bottom by .25 or so and the top looks to be $11.20 or so. I got in at $11.25 and that took most of my powder. It does look like we are in a down trend, but this is too good of a company to go much lower unless the whole market crashes and it could.