RE:RE:Penn Entertainment Hammered Quite BadNo to be honest i dont look that carefully at them but that will likely explain a lot so those who were saying there are millions of cheap shares yet were spot on. So assuming that is what is going on i guess on the plus side it is still considerably above that strike point but what about all the shares that have traded so far which there were some heavy trades and from when if any of those were being excercised.
I dont know how many more of others are like this so yes that can weigh this down but still no point selling until the price gains better grounds. Looks like this is consolidating at around .07 hopefully it flushes out all the shares excercisable at gutter levels and starts moving right back up. Like i said this will explain why this hasnt broken above .10 and kept it ok if this being the case a share drag it all needs to be flushed out before the price will move beyond where it is.
This changes to some extent my crowing as it explains what may be going on but doesnt my narrative or selling points just is delaying them until things get chewed up. Thanks gor that. No wonder the company wanted more liquidity it needed to flush through all the gutter level cheap pieces of paper like this.