It has no bottom until they stop diluting. They create their bottoms via reverse splits. So even from .10 - unless they manipulate it up - it can lose 95%. This is precisely what it has done its entire history.
E.g., It is at $1. Then it bleeds to .10. Then they R/S 1:10. So it is $1 again (but still .10 in real money on your platform as your shares diminish by the same multiple). Then it bleeds to .10. This said, if/when they manipulate it up, you can catch a second leg. But trying to guess a first leg is where everyone is killed. Because even .10 can go to .05 before the 1:10 R/S to $1. And that R/S decreases the PPS in actuality, as the R/S itself is sold.
Just look at the backtesting:
Prices
Date Open High Low Close Avg Vol Adj Close*
Jul 1, 2014 0.27 0.29 0.14 [0.15 35,959,400 0.15
Jun 2, 2014 1.37 1.50 0.23 0.25 24,332,300 0.25
2014-05-15 1: 50 Stock Split
May 1, 2014 0.11 4.79 0.03 1.38 11,669,800 1.38
Apr 1, 2014 1.64 1.65 0.09 0.11 212,300 5.50
2014-03-06 1: 10 Stock Split
Mar 3, 2014 0.65 5.14 0.56 1.60 21,700 80.00
Feb 3, 2014 1.11 1.16 0.61 0.65 5,500 325.00
Jan 2, 2014 1.70 1.78 1.02 1.09 2,000 545.00
2013-12-06 1: 3 Stock Split
Dec 2, 2013 0.76 2.32 0.60 1.77 1,200 885.00
Nov 1, 2013 1.24 1.40 0.53 0.74 500 1,115.55
2013-10-17 1: 15 Stock Split
Oct 1, 2013 0.13 1.84 0.07 1.23 500 1,839.15
Sep 3, 2013 0.10 0.20 0.06 0.13 700 2,835.00
Aug 1, 2013 0.12 0.16 0.09 0.10 100 2,227.50
(A) Have very reasonable expectations; (B) Educate yourself and perform due diligence; (C) Don't enter without a strategic plan and target, for both best and worst case scenarios; and (D) Lead inward/outward and never follow.
