Wow Vipyr...guess you are a gluten for punishment like me...lol!
As you can see it looks like it is in the process of doing what I thought it would do and that is head south...most likely to 1.08 area.
Couple of good signs I see... The movement down is fast and not a slow grind...stocks, currencies that fall fast tend to recover fast. And 2nd....on the daily chart we are now below 30 on the daily RSI. This does not happen a lot with this stock but when it does it tends to bounce nicely. It even happened a month before the stock rallied to its all time high of $13.5. Keep in mind though it could stay in oversold territory of the RSI for a few days. Again the likely bounce is the 1.08 price area but I do not have a crystal ball so who knows.
I have also called the transfer agent to get any unexpected updates on share structure and they told me I would need to speak with the company but assured me they were not under a gag order....that's good.
I left a voice message with the company shareholder relations to get any info I can out of them about the current price erosion...will give you and the board here any updates when I get them..
Perhaps tomorrow is the final smash day when/if it gets to 1.08. This stock is crazy oversold right now.
"It never was my thinking that made the big money for me. It always was the sitting. Got that? My sitting tight!" - Reminiscences of a Stock Operator -
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