volume tells the story. someone keeps buying all they can here all week. patience...
lets try new range today: 2.05-2.25
I would still be careful here as just too many negative news and also company is doing
terrible job in terms of timing of releasing news.
It can easily retest lows again but then last week or so seem to suggest that we have absolutely bottomed here.
My hunch is going private -
one of the article and details copied here...
UNE Has A Massive Amount Of Assets – According to Ycharts, SUNE currently has assets with a total value of $20.71 billion. Now, I know that investors are concerned with the amount of debt the company holds, but $20.71 billion is quite a bit compared to the about $1 billion owed by the company. Let's put that into perspective. Let's say that SUNE does sell all of its assets today, raking in the $20.71 billion they are worth. After paying off their debts, there would be about $19.71 billion left, but let's round down to $19 billion for good measure. Also according to Ycharts, there are 316.72 million outstanding shares for the $19 billion to be divided between. That leaves a total of $59.98 per share to be handed out. Of course, legal fees, costs of selling, and more would play in, eating away a large chunk of that number, but there would still be more than $14 per share for existing share holders when all was said and done. So, based on the enormous amount of assets, I don't think that the debt is very concerning at all!