The company is one thing. The stock market is another.The day-to-day pricing of a stock is highly subjected to the whims of the people who are
"transacting" in it on any given day.
Think about it.
On any given day that this stock trades a million shares, seven tenths of one percent of the shares are changing hands.
The rest of the shareholders aren't doing anything.
A large number of the people who were of the mind to sell this stock if it reached $2.00 have already done so.
2.3 million shares have recently traded between $1.90 and $2.20.
And the people who bought shares at these prices on Monday and Tuesday aren't very likely to turn around and sell it, particularly after yesterday's exactly 20% reversal from the day's low to the day's high.
And the momentum players who have watched this stock triple, at one point, off the September 20 low are going to see this as their opportunity to take positions.
It's going to be a very good day.
Indicated at $1.85?
Personally, I doubt it.
And I'm entitled to my opinion.