Yeah, almost 25% LOSS from AM peak is not bad for a one day trade. Wonder who's stuck holding at .0248 now?
It couldn't even reach or hold the 50 DMA, and not even near the 200 DMA. Looks like it ran out of gas and buyers here. Weak close, only the wide spread and a few tiny, end of day trades to "paint the tape" put it above 2 cents.
Doubt it's gonna hold up for long above the 2 cent range again. Magna hasn't even come on scene yet with their piles of cheap, dilutive shares. That's gonna be when one can see where this will really go, IMO.
We'll see I guess.
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