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Thursday, September 03, 2015 2:24:36 PM
It only goes down. Really. Look at the charts. And just when you think it can't go down any more? Guess what, it's called a reverse split...
If you had gone long with $10,000 in July, prior to the 5-for-1 reverse split when the stock was at 25 cents a share, you would be down to about $5,000... in less than 2 months! If you had shorted that same amount, you would have nearly $15,000 today- a difference of $10,000!
Who keeps selling? Certainly not all of you, who keep posting here with bullish sentiments. It's the people that are getting the stock for cheap through these offerings. Maybe if they'd be willing to share the wealth a little, but that never seems to be the case. Even when the stock jumps on high volume, like right after earnings, they don't let you keep those gains. They immediately sell while new investors are holding the bag.
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