finding a bottomLooks like the bottom is in at 28. It was predictable with that large short position but they hit some serious resistence with mondays volume. They might try again on the 3rd quarter numbers but there is lots of buyers waiting to jump in on a clear buy signal. A trend reversal is either in place or will be this month. My last prediction was 20-25 and that still might happen but buying now or soon should show at least a 30% profit by the end of the year.
It is curious that the promo machines for VR have not kicked in for the Christmas consumer market or at least nothing like what it was last spring. I can understand Zuckerburg is busy counting his money but where is Luckey when the VR market really needs him. In hindsight I don`t believe Mr Stelliga overhyped his company. It was more that everyone else did the job for him and all he had to do was to keep quiet and smile. Successful investors ignored the hype, sold in the 60s and 70s and are ready for the next roller coaster ride. I was not one of them and that`s another lesson in pennystockland.