Hard to say refferring to bottom. Long term bottom no I don't think so because they will keep diluting but a short term bottom is possible. The thing has been naked shorted to death by most likely HMNY's lenders. Many will come up with all kinds of excuses why thats not happening and ask for "proof". Although not absolute proof a stock being on Regsho threshold list failures to deliver day after day from sellers not delivering shares happens from naked shorting. Why are shares not being delivered? They are selling them before they get them in reality from dilution. Selling two days or 3 days before you own the shares is naked shorting. Also Yahoo Bob who by far seems to be the most knowledgeable about this company and he has detailed knowledge of their finances and filings and is a huge bear on this stock says he thinks HMNY has 35 million issued shares. He has done tremendous DD and lays out how much and when the company does and can dilute. He says 35 million as of Friday. Well 150 million shares traded Friday. Even with HFT and everything else no stocks trades all of its issued shares in one day. This traded 3.5 times its outstanding shares. That's strong evidence of naked shorting.
Problem is its done by market makers who are probably HMNYs lenders so they have full control. The naked shorting only stops if regulators stop it which they wont because they only stop stocks going up, never down, or it stops when the MMs decide they want to pump and make some money going the other way for a period of time. Which at some point they will because more money can always been made going both directions. This will get some 3 day runs or whatever from time to time. Also give a higher pps to short again which again is more money. MMs will flip a switch eventually, good luck on timing though. Ive been flipping last couple days and have done pretty well so far.
Knowledge + risk taking = prosperity
