New 52 week low$5.73....If we reverse the split, one share is worth .47 cents
The knife continues to fall. Where is the bottom? Some guy boast 3 weeks ago, sharing his purchase of buying 1,000 shares at $9.5...
Well, he has lost $4.000 a share or $4,000 in 3 weeks.
You NEVER, Ever buy a stock with the intention of holding....
Why, the stock can easily go lower---as shown by the candlestick chart on the weekly and monthly time frames.
Major support at $5.50----stock has not been this low---$5.73 or .48 a share since 2015...
What an utter debacle..Countless investors have lost thousands of dollars...
Bottom is not in yet....
I'll wait until the stock bottoms and then scale in.
Be sure to set a stop loss.
A few days before next earnings in January 2022...or whatever, I will load up, providing ACB is moving up on the daily chart.
The bottom is not in yet..