It SOMETIMES goes up, and even 100%. Right now, IMHO, it's falling too quickly, a rebound is overdue. This pos is supposed to lose 10-15% daily, not 40+% (although people are fed up with this management and understand better and better the hopeless toxic way this company gets its financing).
And this is why this stock is so perverse, as there are rare but sizable opportunities for day traders on the long side.
I entered today on what I believed was a second bottom at $1.01 after the first "recovery" from $1.01 to $1.13 (however briefly). I was wrong, but sometime it will rebound hard, for a couple of days.
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