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EagleTrades

04/23/14 4:23 PM

#25486 RE: Carlsonjr25 #25478

Best scenario possible is that if MM's that shorted the stock all the way to current levels are covering, then yes there can be a massive move upwards. Now the chart doesn't tell me much except it's still trending lower trading under all important moving avereges, and although oversold, history with this stock seems to signal after a reverse split, stock tanks to no bid only to do another reverse split. Should the 10k be decent and company puts out positive news then a move up is not ruled out. But as of right now it can go either way. Worse case would be If indeed MM's did not short rather bought all the dilutive shares sold because of convertible notes, then they are sitting on major losses, had to artificially rise the price to then short it on the way back down to retail investors thus making their money. Now, selling now this low doesn't seem to be the best option if you've held and are sitting on massive losses. Sitting so close to .0001 you might as well hold and worse case possible you end up loosing it all, but should it bottom and start to rise then holding would be best choice. Again, best wishes to all!