Dear .y.
I agree with you.
The only people selling at these levels are disappointed holders (with no intention of re-entry), or financiers shorting the stock to re- cover in the SPP underwriting
There will be no naked shorts - so there will be no mad short cover rally afterwards.
The stock should rebound on a number of thing,
- change in trend after SPP closes
- less selling from financiers
- some broker research
- debt restructuring
- steady/improved operating performance
- new chairman??
We could see a nice rebound to ~20 over 3 months
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Last
$7.75 |
Change
0.000(0.00%) |
Mkt cap ! $7.244B |
Open | High | Low | Value | Volume |
$7.81 | $7.88 | $7.66 | $13.33M | 1.713M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 17351 | $7.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.75 | 85285 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 16962 | 7.740 |
2 | 28577 | 7.730 |
2 | 16971 | 7.720 |
2 | 13670 | 7.710 |
1 | 5000 | 7.700 |
Price($) | Vol. | No. |
---|---|---|
7.750 | 85285 | 1 |
7.810 | 1606 | 1 |
7.820 | 11517 | 3 |
7.830 | 8667 | 1 |
7.840 | 15994 | 5 |
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