Does anyone else think that the price drop has exceeded the impact of dilution? I get it that dilution is not usually a good thing and that a price drop usually accompanies that announcement. But Acorn is now 50% off its August trading average.
This looks like a great entry price. Since this is also the 3rd day of selling, I am in. (buy after 3 down days after bad announcement)
I had to bail. Sold at 3.33 for a nice profit. But I was expected a much better recovery. When it struggled to stay above 3.30, I had a bad feeling and just took my small profit. Not sure why this has not recovered more. It wouldn't surprise me to see it on the volume gainer list next week. But I won't take that chance.
Wow, glad I got out. I didn't expect a secondary that low. There had to be insider trading here. Why else would this have dropped so close to the secondary today, if someone didn't know the secondary price a few days ago when this started to plunge.
I, too, am in at this price. I can't see it going lower except if the news on the dilutuion is worst than estimated. iI don't think that will happen. If the cook tests go well, we could be in for a good ride. We should know no later than the end of November. I wouldn't bet the rent money,but it's worth a shot.
That is a good way to put it, "don't bet rent money, but it is worth a shot". The initial price makes it look like $4 may be the dilution price, but it did fall throughout the day past 3.50. But with a low float, low volume stock, all price moves are slightly exaggerated, which is why $4 is a good bet.
It could bounce but in my view the price drop is because lack of interest in the deal for fundamental reasons? the lower it goes the more dilution. I think technically the stock is blown up. You should see a bounce but some guy did the same thing at 3.85 2 days ago. rather by leaders on pullbacks for a trade: sina-ctrp-nflx-tsla-vips- on pullbacks.