RE:L2 this morning.... close .09 ??Jomag, you seem to be caught in the same trap of one-sided perception like so many on this board, which does not help to make objective investment decisions.
So there is a moderately larger bid at 0.065, but that does not mean it will go to 0.09. Those bids could get filled, and then the buyers flip to the sell side at 0.07 or 0.075 to make beer money (only if they are lucky). If you've never seen that, then "you ain't been around." (Look up who wrote that line, just for a distraction from watching SNV.) Just an example of one scenario.. there are more negative ones as well.
Which scenario is most likely? Imo, it would be a slow decline until there is news, which may be hours, or months away. And the news may or may not be what people are wishing for, even if management has made promises (again).