I hope none of you are averaging down.Because the company is for sale. There is no light at the end of the rainbow.
Last week 4 million shares traded. That means 4 million shares were bought. I suspect those buyers are hoping to make a good profit on a sale. I wish them luck.
As weeks go by, the company will become more desperate.
And I don't believe that 4 million shares sold is the end of it. I expect much more selling. And I don't know that the number of buyers will be able to keep up and maintain the shareprice where it is.
I think there will be much selling.... and the price will continue to drop. just my opinion. but i know that some are into this for $100 000 or more. You have enough shares if they get a decent buyout.
If it is a small company that ends up buying them out, I will likely buy shares in that company on day 1.
Too bad it had to end this way.