My understanding from the naked short advocates on another board is that they will repeatedly try to compress the stock once again to reset the 52-wk low. I believe that means the target is $0.05 in our case. They will likely try to do so while they still believe Levi Resources is still selling to provide them cover.
I have some powder ready to scoop some at $0.05. Only surprise news can stave it off.
It looks the same as what happened last time where traders don’t want to miss the bounce off the low so they place orders above the gap and the bounce occurs before the gap is closed. It might never close at this point.
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