Noticing this word in numerous posts from longs..."Hope"
Typically not my style for investing. While I may not grab all time lows on many stock, I suit myself as a trader and not investor in pennies, this is just too much of a risk to be adding, even at what some would consider cheap. The company has yet and continues to be unproven. While some would consider this light volume, I would ask them to look at avg daily volume and see that this volume while lighter is in line with typical action over the past month and in the short term the trend is indeed down. Simply buying shares now is like trying to catch the falling knife...
I will add, accumulation is starting to fall off according to indicators and as such the security is less likely to reverse its downward trend. Another factor that will only lend itself to lower lows...
