Yeah unfortunately, we are at the mercy of the markets right now...I will say that the 30% decline has been on less than significant volume which tells me that a good portion of the decline is not people dumping shares but a small gradual decline, i.e. there has been no support. I am okay with this because it is what I expected, hard to jump in with big money right now when you know there are shares coming into play over the next few weeks. With lack of bid support, it is quite possible that we see some lower .20's to even high teens but so far there has been some vol coming in at .24. I also wouldn't be surprised if we see some more insiders picking up shares...the last time they bought at .25 so I gotta think that they might be prowling around down here.
Regarding news,I think at this point, I am going to take a pessimistic outlook and say that they won't be able to get any news out in the immediate future. This is only because I know these things take time and if I am wrong, then it's a good thing. Interesting that the presentation they are doing is being put on by First Energy, the same people who picked up a significant portion of the PP coming due over the next week or so. Coincidence??? Also, I noticed BNK will be there to, nice time to start hammering out a JV in Albania Richard. Anyways, my thesis is that yes we could see some teens here over the next week or so but anything below .20 I am sure will be met with some significant buying, afterall I think these prices down here represent a fine buying opportunity. JMO
