Usually I would see this as a negative but given the stock is the most oversold on the daily and weekly rsi and weekly bollinger bands it has ever been by far in this history of the stock, combined with maximum hysteria over vaping and the fact you have a bunch of people who bought shares at 1.75 and have warrants at 2.25, I see it as a big positive.
This is a real company (though losing money) that does $150 mill in sales a year that is solvent for the time being and you have a lot of motivated people to get the share price up. And anyone who has wanted to sell has had the opportunity. Since the price isn't selling off after yesterday's hysteria, I think the risk reward favors up at least in the intermediate term.
1.75 (offering price) and 1.8 (big resistance) important levels. Still could sell off on a break down but gut feel is it gets supported.
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