For a stock to make a bottom you have to have capitulation and a selling climax.
I think we saw a bit of capitulation yesterday with some investors throwing in the towel, verbalizing their frustrations on message boards, and generally hitting the panic button. There may be more of this to come.
But I am not sure we have yet seen a selling climax yet, as it is now probable that their target is around $4 apparently. Volume was fairly heavy yesterday, and the stock was very weak going into the close. That leads me to believe the shorts will soon try to really hammer the stock, even more than they already have.
So for now, things look gloomy, almost sickening, but, as has been said on this board and others, time will provide MiMedx the higher stock price we have been waiting for, and the revenue projections for the remainder of 2014 and all of 2015 suggest that we should look for a rebound to be fully underway as we go into the 4th calendar quarter of this year.
I would also suggest that large institutional coverage and participation is nearer than many of us realize. So while it is currently a very unpleasant experience we are having right now, I believe we are nearing the end of this trying time.
It is impossible that management of MiMedx is not seeing what is going on with the stock. I believe they will take appropriate and prudent steps to correct this injustice.
here's a 50% retracement of the entire move from 1 to 8.80... congratulations, I hope you've all enjoyed it......this is the level....it's all clear for buying here to 4.90.......... below 4.9, I get worried.....lol..