It's dropping, and rising, and dropping, and rising...and will continue to do so in these little 3%-4% + or - days because that's what it needs to do for people to make money. Unless something really bad, or good happens - then all bets are off. I could lose the money, but chances are that I won't - overall. Gonna play this channel until the 4th of July weekend, then hold until earning report.
There is very little doubt in my mind that it will be a mid 5.25'ish stock again next week. If it drops below 4.75, I'll stop out and lose money. Either way, I'll lose or gain about 800 bucks at this point from last weeks trades.
I guess we'll see. For me, I got paid Friday from work, and plan on buying another 250 shares Monday if it opens below 5 bucks. We have very very little downside risk here below 4.50. For a stock that has had almost ZERO bad news, is making money, and is trading at only 25% over it's book value, this thing is a steal - imho. The time to speculate is when a stock is nervous, not when it's fine.
Good luck to all. Longs, shorts and day traders. We're all in it for the money.