RE:RE:RE:RE:RE:RE:Relative Strength IndexLets face it ...investors are generally speaking irrational and poorly informed on what a balance sheet even is.....some investors will just buy or sell a stock because their mailman or cab driver said so....lol...or it they think the name is pretty!
This is the kind of stock that because its thin traded can drift especially over the next couple of months going into tax loss selling....but its also the kind of stock that can double in a day and see $2.50 in a heartbeat.....or get snatched up in a tuck in at $3+
Its a gamble just like any other stock....look at the beat down that the big guys are taking...Facebook Google Apple.....I recall 2008 when the Canadian bank stocks got cut in half and nobody wanted to buy a bank stock at 50-60% discount......go figure......fear is a powerful thing!.....a lot of the time you have to do the opposite to make big money...good luck!