RE:I think Level II looks even worse this morning. You might be right Duster, three - six months from now we might have a recovery underway. In the meantime I could have sold several thousand shares above $1 and repurchased under $0.80 freeing up a lot of cash for other, more prudent investments.
Davgro and I don't agree on everything, but his advice about taking an analyst's coverage with a grain of salt - especially when they are the house supporting a bough deal, or offering, is something we should all pay attention to. They have a vested interest in pumping the stock, and there is little chance at this point that the stock will go up 400% in the next eight months. If we are so lucky I'll be out in a heartbeat.
Duster340 wrote: they will give up soon on this one. there is only so much blood you can get out of a stone. i think that was capitulation we seen today. also the stock bounced of a support level around 60 cents. way under valued here, and vibe is right on the rsi line in oversold territory. it will be looking much better when we get through the summer doldrums, check the stock price at the end of the year, i think investors will be happy'
glta