A chart tells you that people are / have been selling...tis why it has continued its drop, bottom here...who knows?
If the herd starts moving to the exits....well, you know...
Folks that bought @ 1c were sure that was bottom, had huge support for quite a while...till it didn't.
Many of the longs are beyond selling now....as three told you earlier his average, other longs are even higher. Pretty tough to fold a hand you paid $50k - $100k for for $5k - $10k.
Average down...I imagine most already have...and likely multiple times, when they thought it wouldn't / couldn't go lower.
Yes, the stock is beaten up, but is there more beating to come...will it overcome the beating?? Who knows....
As you said, purely speculative gamble at this point...
Me, I'm a trader...I don't invest in any of these on this playground. Thus, from my perspective this is getting shakier rather than more solid.
I've been around long enough to know the back story...and I detest getting stuck...
Sure the newbies may get a great price point and profit potential, but they'll be gone long before the old investors get even...
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