Last Wednesday Last Wednesday I suggested that this would never close above 60 again.
Was I ever wrong, it closed at 63 the very next day!
I was ridiculed.
It closed at 61 the day after that, and 60 the day after that.
And 59 after that.
Now it's last at 58.
What do you think will happen when the Hoi poloi realize that the mystical rally from 36 cents is over.
It wasn't based on much anyway, other than a dozen or so press releases in the month leading up to the trust notification of its intention to sell.
There won't be much support between here and the low.
I expect it will get back there quite quickly, helped along in a big way by your friend.
In January he sold as low as 52 cents.
I was wrong saying it wouldn't close above 60 again.
I was two days too early.