I told you, don't get optimistic. And I said back under $11 within a few days. Shorts are still in control. I unloaded some of my position at $11.65 and really glad I did it. Will consider buying back what I sold under $11. You have to sell any rise in this POS stock. Also, bottom probably not yet in.
Nice short term call, PK. As for myself, I have been playing both the volatility and the long term investment meaning that I have been buying and selling while maintaining a bottom line number of shares/options. Regarding today's specific price action, however, the size of the downticks are disproportional to the jokingly low volumes. This reminds me of a small band of bullies (The Shorts Gang) taking over the playground during spring recess. There is little pushback at the moment but they won't push back on price rises if and when there is meaningful good news. I know it is frustrating but volume is a an important factor to consider for this type of stock. Wedgecake - I like your comment ... Blackrock has been a consistent believer and is probably lapping up shares.
yup, and PKT might trade 225K shares, ~ 1/2 of 50 da avg volume...final shakeout underway..watch for 1 more big volume capitulating spike down and then "signal candle" Doji or intraday reversal..time to really buy then ..