Big rebound may be helped by low volume and small float, but right now majority are exiting causing a falling price.
Traders may feel that the news is exhausted and that the expected note renewal is a done deal. So why stay invested until maybe a report hits where they can jump into some stronger momentum? But they may miss a strong recovery.
This situation is temporary because soon the imbalance of those traders getting out will be offset by those attracted by the lower price and great potential.
I'm hanging around for the upcoming positives like new or extended financing, announcement of a new CEO, getting right with NASDAQ and SEC, moving the planes into service, hiring of a workforce, etc. So far my 200k shares have done exceedingly well since I averaged down from awhile back during some very low share prices. It still looks like it can't miss, in my opinion, but the warning flags still scare many away.
Always be on guard for misleading, deceptive or erroneous messages. I am not an investment professional. My messages are my opinion only, and are subject to change when contrary information is later relied upon. Always do your own research.
