Pretty QuietPretty quiet bunch on here as of late. Everyone must be down in the dumps, as this stock does it's usual trading where people feel like they are going to be sick. In my opinion, it's time to buy more, or reestablish a position.
Not sure why all of a sudden there is so much action on Alpha these days with GAP....That's where all my trades have headed as of late.
Technically I think 13 cents is the most likely bottom. This followed the exact same trend as the last PP...Where the share price fell 5 cents below the PP price as it hit bottom. As the dust settles from the PP, business will resume as normal, and announcements will start rolling in again. My eyes are squarely on where we are currently looking for the next round of funding. All I want is for it to be through debt (favorable conditions), convertible debt, or a large investor taking a big long-term position that won't hit the market.
There will be overhead at the 18 and 20 cent level, but I think 13 cents provides good support. Just one mans though, do your own DD.