Agree. KMA# ran some 600% a year ago this time when they were suspended. Yeah, it traded down largely for the few days after it resumed trading but in the two months following it rose 600% which in that case proved that selling right at the open was not the best scenario as many could have had a much larger amount of money had they sold 1-2 months later. Not saying that will happen here but rather just an example that anything is possible.
Ya but since there is no bid or ask dont u think anyone who need to cover a short will just buy back crazy low? It's in an interesting point you make though... I didn't think of it that way
how heavy is the bag your holding?? this will not bounce and have a short squeeze.. there will be any buyers on this because they have to call there brokers in order to buy.. only buyers will be bagholders averaging down..
PWEI Easy Bounce & Short Cover to .02 to .03 cents!!!!
Shorts will cover and they need volume to cover so they will do it soon while its still trading liquidity. There are ten's of millions of shares held short that will need to be covered and LONGS are not selling down here anymore in size so hold tight and we'll be seeing a nice bounce and spike soon in the coming days.