Welcome Looe...and congrats on a good position at .048.
No one knows where this may go, and the most important thing to keep in mind is following of the court docs and judge ruling in regard to not only whats going on daily in the court room, but status of the commons.
I personally think they will come out of BK just fine...with room to grow. The timing of the BK is good in that they should complete the process by the summer. go into the summer, a Prime travel season, and then you hit the fall and winter which has a lot of travel due to holidays. Good opportunity for revenue for Mesa.
From a chart standpoint, I believe we have made a healthy base/low of .045. So that 5 cent range is critical as we watch this move. I think the gap at 11 cents is a future stop, the gap at 21 cents and the gap at 40 cents (give or take) will fall in the future (we hope). Eventually, this will trade back up over a dollar if all goes well and no one buys them out. The question is "will the commons stay" and if so, will there be a split to move the stock price up. Either way, pay attention to this board, to some key posters here/moderators and pop up every now and then and chat with us. Make your own decisions at the end of the day...and I hope you make a mint doing it!
Good Luck...
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