Wow Vipyr...guess you are a gluten for punishment like me...lol!
As you can see it looks like it is in the process of doing what I thought it would do and that is head south...most likely to 1.08 area.
Couple of good signs I see... The movement down is fast and not a slow grind...stocks, currencies that fall fast tend to recover fast. And 2nd....on the daily chart we are now below 30 on the daily RSI. This does not happen a lot with this stock but when it does it tends to bounce nicely. It even happened a month before the stock rallied to its all time high of $13.5. Keep in mind though it could stay in oversold territory of the RSI for a few days. Again the likely bounce is the 1.08 price area but I do not have a crystal ball so who knows.
I have also called the transfer agent to get any unexpected updates on share structure and they told me I would need to speak with the company but assured me they were not under a gag order....that's good.
I left a voice message with the company shareholder relations to get any info I can out of them about the current price erosion...will give you and the board here any updates when I get them..
Perhaps tomorrow is the final smash day when/if it gets to 1.08. This stock is crazy oversold right now.
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