I must confess that I welcome this kind of action. Volume is still extremely low but it’s getting more exciting. Finally there’s some decent money a retail investor could make trading this whipsaw.
I grabbed a few hundred k more shares today. A few friends did the same. Our core investment will stay put but it’s awfully tempting to play around a bit as the KBLB story unfolds.
.09 or low 9s has been the support point on the jolts or whiplashes down .. we saw this on the way to .507 in April 2019 and also when they announced there failure in Jan 2020.
Fluff only takes a turd so far. And yes every single pennlyland stock is nothing more than a turd. We all pick em hoping for a pop because that's how we make some bank. Lunch money trading is a waste of time. Go big, get wealthy, go home, or go broke. Maybe some of all of that at times.
It's a helluva alot of fun though. Better than a casino