Im actually pretty amazed that there are only a handful of posters on this forum. That's actually good. That tells you that I-hub members had next to nothing to do with today's up move and they will most likely chase this stock tomorrow.
I've identified quite a few Market Maker games today. Did you guys see the 55000 - 65000 share asks get hammered today from $1.14 to $1.18 ? The mm's or whoever, got to scalp out of their $1 shares for a 14-18% profit.
I also took a $2,000 profit when I didn't think we would hold the $1.11 support level, but then some serious volume came in and I got back in half of a position at $1.13 - $1.16 and there was buying interest all the way up to the clothes. Only a couple of morons that must have come home late from their job at Wendy's, tried to sell @ $1.14 in after hours.
I posted a lot of due diligence last evening period a company that had 88 million dollars in cash back in December and probably still has 80 million dollars worth of that left; that's going to immediately be focusing on downsizing its Workforce to conserve that cash, still values this stock well north of $2.50 a share and $2.05 a share Book value which would be the total breakup value if the company was completely dissolved.
We may experience some turbulence tomorrow like we did today but I can definitely see us trading in the $1.20 - $1.35 area.
Keep in mind, we were about $16 a share just four sessions ago
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