short squeeze is coming . Not sure about $7 - but $3-4 is quite possible. Would be nice to see move like MGT had
I noticed for last couple of days , that MM trying to lower the ask . it takes big trades on ASK side (clearly buys), and then ASK gets dropped , followed by small amount of shares sold on Bid. . And same scenario gets repeated several times a day. It looks like it gets accumulated , since similar patters I saw in MJNA before it jumped over 50%. the volume increasing for last 2 days ( much higher than prev weeks average ) - hopefully it will be breakout soon.
This company has to be taken private . It 's out of love by WS . even good report cannot move the stock . it's heavily manipulated on low volume . no reason for company to be public. I think at current valuation - private offer could be close to $2.
it doesnt look like this company worth anything. keep sliding since last September- lost 90% of its value for 6 months
"fake head" - as usual this stock cannot hold the gain . 35K sold at 3.90 , and downward from that point. $4 is a strong resistance.
it happens almost everyday - rising on big volume , and then slowly sliding . just cannot hold the price. very manipulative stock. good for MM to make money .
this stock is like frozen. no significant movement in either way. Even on high volume days - ( over 100K) it's still closed flat. Does anybody remember what event caused this stock to jump to $4 in December ?