As exciting as it looks, 50% of stuff all, still equals stuff all. Anyone that has lost 90% of their initial investment or more, is still in the red, even if it is up 50 % today, and if they hold and don't, or can't sell, for their 50% gain, and it retraces to a lower amount, what sort of a 'profit' are they on then?
Seems that the devotees of Gary and PDY, have totally forsaken the poor holders here, that have lost their shirts on crap anns. ramping, misinformation etc. Probably have no money after being cleaned out on the 11th, and seem to be getting ignored by the few that have the money to buy more, at .3 cents for example, whereas the poor holders can't get any legal help, can't trade their way out, and are just being fobbed off by some, and certainly being shown no commiserations from the company that put them in that situation in the first place.
For the 50% fans, I'll give you a little hypothetical on how you could recover your losses, with a 50% gain.
We'll do a hypo. of $10,000, buying shares mid range at 4cents on the 11th.
Buy 250,000 shares at 4cents on the 11th. for $10,000 Fall to .4cents, loss of $9.000, but still have 250,000 shares, at value of .4cents.
Buy 4,250,000 shares at .4cents at a cost of $17,000
Add original 250,000 shares (cost $10,000) for a total cost of $27,000 and sell 4,500,000 shares at .6cents = $27,000, lose on brokerage, how easy is that?
Slight flaw with this theory is the lack of volume, especially at .6 cents, plus the fact that probably a hundred others need to do the same thing, at the same time, and who has $17,000 left to throw at any stock, once you are behind, and especially this one.
Maths, gotta luv 'em.
Don't be fooled that todays 50% rise was necessarily a life saver/changer. Now you do the maths, as I have no idea what your trades were/will be.
PDY Price at posting:
0.6¢ Sentiment: Buy Disclosure: Not Held