Post by
daveholton on Dec 18, 2019 7:58pm
Extremely Oversold
This one popped up on my scanner as extremely oversold. Bought near the close for a potential technical bounce. Definitely risky but I think other technical traders will notice it too on EOD scans. Companies often put out news releases to ease investor anxiety after huge drops like this, so it wouldn't surprise me if we hear from management soon. Short squeeze could get interesting with such tight float.
Comment by
SIGG1 on Dec 19, 2019 10:10am
time to load up! Market Cap 12M$ Revenue of $47.5 million (2018: $52.8 million) Gross Profit1 of $13.2 million (2018: $18.2 million)
Comment by
daveholton on Dec 19, 2019 10:31am
I've averaged down at .81. One positive announcement and the bounce could be epic!
Comment by
SIGG1 on Dec 19, 2019 10:37am
Me as well. Lots of people buying at the 80 cents level and only a matter of time before that non-sense selling comes to an end.