Big selling is over The big elephant of selling is done. You might have a tail end on monday morning.
Today experienced traders made money on this stock. Chased the run up under three buck sold over three. If they wanted to buy back they bought just before the close at the market close of $2.96.
The index exit is effective Monday Dec 24 open. All the loose ends will be dealt with on Monday. It is also last day for tax loss selling but most of the sellers have done their job of selling.
No hammer for the stock only because of Index exit.
There are lot of inexperienced retail investors on the board who donot understand the dynamic of the market. Think that a bashing post would make difference to the share price. What they do not understand is manipulation.
If you want to be a good investor educate your self.
What I have observed in the two I think this would be a good trading stock. I am going to invest time on this stock to figure out the trading pattern.
I am a trader & not buy & hold investor.