You need hype, rumor or speculation or insider activity to bounce off of .40. What you have here is a sell off from the peak and a hold from traders who bought in and from traders who averaged up on existing holdings hoping for the real deal. So now you have the bulk of the stock bought in around .27 hanging in. Some who have a lower average have a profit while those who bought in at a slightly higher price have a small loss. That is why you do not have or will not have a bounce off of .40 or higher at this time. All can choose what reality they want to focus on. But reality points to a bounce off of today’s pps or a lower one. And this too will be impacted by the 10K coming soon.
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