For a number of legit reasons this stock has performed beyond horrendous for the past 4 or 5 years and anyone caught in that downtrend has basically had their entire investment wiped out.
Historically speaking, if you've bought and held this stock - you've been slaughtered. I'm surprised there aren't more very pissed off posters on this board because based on this chart there have been a lot of victims on the way down. With that being said, the stocks with charts like this that have been priced to the point of 100% failure and 0% potential are the ones that have the best chance for equally ludicrous upside when the downward momentum stalls, ends, then reverses.
The volume has gone through the and today was actually the single highest volume bar in it's history. Consider this - in the 14 years this stock has been trading, the top 50 daily volume bars have all come since August. The crazy spike in volume at all time lows will coincide with some sort of dilution - how much we won't know until the next filing. What's interesting to note though is that despite the huge spike in volume/dilution, this is the first time in years the stock has managed to trade sideways and consolidate for 2 months straight. Logic would tell you that massive dilution would be horrible for the pps, but in fact this is the most stable the pps has been in 2+ years.
Here's my take on all that. Given the absurd oversold conditions and massive accumulation the past 2-3 months, we're very near a bottom and a potential reversal. Any sort of positive catalyst would have a huge effect on the pps, given it's coiled spring situation. If we get a banger like China's FDA approval - this would be one of those gap and runners that dreams are made of. IF we somehow got US and China FDA approval... we basically won the lottery. It's certainly possible but I'm damn sure not banking on that. It would be surreal were that to play out but I'd settle for a tiny fraction of that sort of fun here.
