Hindsight is dangerous. It's dangerous because it threatens to blind you to what you ought to have learned for next time. By focusing on the 'obvious' low/high points of SP, you miss volume, sentiments, trend signals that's all around.
$2.70 is a good price to get in, I'd just hold that for a couple of years until operations normalise, they've got a good management team and will survive this. Avg of $3.50 is not bad either because in the mid-long term, it has a good chance of recovery post-covid, but let's not kid ourselves, we're not talking about months here. Have you seen the latest europe covid figures? 7k/day and rising in UK (link) alone, if they haven't they should go into lockdown.
Their CR will be burned through to maintain their staff which is what makes the company money. Insurance against bankruptcy which will need to be earned back later.
I reported the issue to trading view, this is a serious problem on their platform and makes it unusable.
WEB Price at posting:
$3.97 Sentiment: None Disclosure: Not Held
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