Thought this would be up slightly today after the massive (and overdone, in my opinion) sell-off. Is this the Titanic or what?
the buying will start by the after noon. The morning was sold into by the people hoping for a big bounce in the morning. They are the last of the sellers, we will start moving up
I think the market will take the stock below 15 before there is any bounce.
Just based on volume driving the stock lower, its getting whacked everytime the bid reaches 16.40s
I think RVBD is dead money and only good for short trades on the downside.
Have hope, bottom fisher (me) has just arrived so the catch the falling knife investors should provide support. However, don't expect to get back to 18-20 for at least 6 months and that is if next Q reports show a path to improvement.