I don't know if that is true that institutions don't buy below $5. I think it would depend on the aggressiveness of the portfolio. Although I believe this stock has some amazing long term potential, I am a short term trader. To that end, I like the current consolidation and based on history of this stock I think we will see a break out to $1.20 in the near future.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.