I just about #$%$ my pants when I saw the close today! I expected ANOTHER LOSS...This can be either really good, or really bad.
Typically when companies are about to go private or bankrupt, the PPS rallies a little, referred to as a "cigarette butt buy". People are getting one final good puff out of it and letting it hit the ground.
I sincerely hope this is not a cigarette butt. There is something going on though...something like 74 million shares traded today?!
try 113 million shares traded. I say its just this stock has been so oversold the past few weeks. For every up day there was what 7-8 down days? Stock took a beating, rightfully so, with all the dilution and what not but still, i think we atleast hit rock bottom. This company right around earnings will jump up nice people see the revenue increase get all excited for a week or 2 than it just slowly declines throughout the whole quarter. Maybe when we see it profit it will actually hold and form a better base.