laker5- Always possible that something might come out to change the trend. But I can't place my investments bets on surprises. It's not a good investment strategy. So I follow the technicals and they're not lookin good. In the meanwhile results from trials are not due until the latter part of this year. Nothing but possible issuance of more shares is what is apparent to me.
That 1/50 RS and the timing was a tip off. 1) JJ could have waited for good news and the stock would have risen on it. Then it could have been a say 1/25 or less. 2) That suggests he expected no near term good news and couldn't wait. 3) The he filed for a secondary and withdrew it. So we know that's coming soon.
But the technicals show me the stock broke down when it broke $10. and confirmed it to me convincingly when it broke $9.00 and stayed there. I'm in "HOLD" mode with my own but wouldn't be a buyer in here.
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