Its Extremely Oversold and very close to bouncing. Whether it comes at $1.33 $1.50 or here is moot. The pain has come already. To watch this meltdown for over 2 years couldn't be more painful for Longs. But after it makes the ultimate low its going to take years before a turnaround is possiblle.... if at all. That 500,000,000 add'l shares slashes shareholder value by 50% diluting their value. That's part of what's happening to the shares now as it discounts the effect. If it isn't approved' what are sharenolders left with but a company limping along and stagnating . Pick your poison. It's a lose- lose for Longs. Remeberthe plant they want to build takes years . All while they sell shares into the market. Few has Longs where he wants them. He's a big problem for shareholders. The pain will last for a long long time and no HOGWASH with all the useless promotions is going to change it. Check the record of that.
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