Or maybe no one was selling that low so they put a 'lid' on it from going higher hoping it will bring the sellers out...She's prepping for a run IMO. How high I don't know but STTK just did over a 10 bagger in just over a week and that stock has been a dillution machine for years. With SVNTQ being BK'd and the plan changing to not issuing new shares, this play is interesting for a trade and maybe more. I've been in quite a few BK'd stocks. Some survived and some did not but almost all of them had really good runs at some point.
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.