RE:RE:RE:RE:RE:RE:READING BETWEEN THE LINES OF THE NEWS RELEASEThis stock has NOT bottomed out imho. In fact I'm not even sure there is a bottom. But just for the sake of arguement, let's pretend there is. The stock still has to go through an absolutely gut-wrenching cataclismic drop that will completely wash out the stock, signaling that possible bottom.To date, this has not happened. Rather, it's been a continuous grind downwards which in some ways kills more....death by a thousand cuts so to speak.
Is there an event out there that would cause this total collapse? Personally, I wouldn't be surprised if it was the results from this quarter, along with the need to finance. While some may want to call a bottom, I maintain, this stock is dead-man-walking. Personally, I wouldn't touch it now at any price, as the risk/reward is not there at all. At this point, I put the risk at 90% and reward at 10%, and those are lousy odds by any measure.
TheProphetElijah wrote: Your due diligence is fantastic, but I'm only saying it's bad news that makes bottoms and when a trend changes who cares about news - good or bad, all ships either sink or float in the sector.
While putting 'values' on what stock prices should or shouldn't be is futile.