Spencer Pharmaceutical (SPPH)

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it appears that spph may be testing my (possible) entry point of .10/share. i'm holding on a tad longer, thinking that there will be a quick freefall under a dime and quick recovery back...assuming this strategy, is it possible for me to "flip' spph daytrades easily...any experience out there? remember, i'm a fella that believes the roof will cave in shortly, but i might consider a little "gambling" for fun...thanks