I am happy for people who have the ability to separate themselves from reality but for the rest of the shareholders the outlook is gloomy.
The pps has dipped below the 200ma which simply means that the average shareholder who bought in the last 200 days is losing money. Also each attempt to move up now will be met with the day flippers selling for small gains.
SBAY will also see tax loss selling by shareholders to balance gains by many who made big profits on good China plays. Now we also have Crane and others who's cost basis for their shares is zero so selling at any price is pure profit and they are all paid in shares.
This stock is in trouble and the only volume you see is some daytraders hoping for a quick buck, just 4 days ago their was zero volume ZERO! SBAY is going to be re- testing the 6 months lows of $7.60 and there is nothing you can do about it.
P.S. and for those who believe this is going to the NASDAQ please contact me, I have a bridge for sale.
Sorry but this is mostly nonsense what you write. If one is pessimistic about a stock that is fine because that's everyone's right but don't write BS like it was below the MA200 and now people will only daytrade it. As long as the MA200 holds up and the stock is closing above it it's called a test. Right now it's still a successful test until it closes below the MA200.
You speak about all the tax selling we will see. Ha, what do you think is this very low volume sell off all about for the last 2 weeks? And regarding the Nasdaw probably you realize on your own that this is complet BS as they will certainly go there and very soon.
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