To add to my post buying blocks of 5000 shares can give you 1000 dollars profit. Look at historical prices and you can find these moves with no news from the company
this company at these levels doesn't need news to move 20% in any direction. Assuming THAT IT IS PRETTY MUCH BOTTOMED. It can move up 20 to 30 cents in any given day. I see it as a trading opportunity while waiting for any development
I thought it was going to be worse. I don't think it will go down to 1.20. I think it may even move up a bit. In any case I am buying under 1.40 with few cents increments as it moves down. Will see
Bobo, are you really going to buy 100 shares if it goes to 1.20? How much cash do they have from last report. I believe company valued today way under its cash amount. The question is how much they burn during this quarter. On one hand it fills like a sure buy at these levels, but we don't know state of the business. If they continue to burn they cash for couple more quarters, we all going to be screwed royally.
Monday is over. Tuesday? Most likely q10 release on Thursday. No activities after hours and slow drift down to 1.20 in the next few days. The become very predictable in the negative way
Before anything sagnificant happence it will be reverse split. And my 41mln shares will become 410,000 shares. That was my dream