Bottom? Not Yet. Capitulating? Maybe.
I wouldn't start calling bottoms just yet. There is something very wrong at play here. As a VAPE shareholder (bagholder), I'm hoping its a major error causing the undue downwards pressure but I'm also worried the maladies are far more malicious; insolvency, share selling scam, potential SEC action? I didn't think the aforementioned issues were in play with VAPE but the recent beatdown is perplexing. At these lows, selling should be over so it's extremely discouraging to see the unrelenting downwards price action.
Maybe VAPE is capitulating. The volume has picked up so much over the past few weeks that the average daily volume is up about 40%.
I bought some more today at .83, had to to bring the cost basis down. Unfortunately, most buyers here will be itching to dump, giving VAPE a lot of resistance if it gets back above $1. I'm thinking this boat could be sunk
