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Wednesday, July 26, 2017 4:35:05 PM
...and I think convertible debt holders are just getting warmed up here, they have been waiting for this R/S to take place for a long long time ,that's why it crashed so quick and bad after the RS , Debt holders want their money back now and they will continue to convert those debts to 100s of millions of shares and continue to dump on the market daily ,regardless of the price, they want their money back, period.So, do not get surprised if you hear another R/S from the company in coming months after O/S reaches 350+ million shares
So, if you really wanna time any potential reversal ,then keep a close eye on O/S count , more than the share price , (although nothing wrong with taking advantage of daily mini fluctuations)
ER is coming in few weeks , so it may have a small bounce anticipation to the ER , however i wont be any part of it until i see the numbers first
I think this is just the start of the convertible dumping and has a long way to go. So, don't get suckered in
And if you really cant resist the urge to play this, then play intraday , lock the gains and get out before the close , do not hold overnight at this point
you welcome :)
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