Can Somebody Please Tell What Is Wrong With This Stock!!
It's a buyer's strike due to the volatility in the markets. Not a great believer in volume, but the decline is on very low volume for you volume believers. Stock is probably near a bottom, and could shoot up $1 or more in the blink of an eye. Hopefully, most of the weak hands have been shaken out, and it can start heading up again. Stock is down almost 50% from it's high of $6.46, and for all the reasons you stated, is probably a compelling buy at this level. Very frustrating for longs right now, but could change in a hurry. Definitely need nerves of steel to hang on in here, but it does look oversold at this point.