Disclaimer: None of this is investment advice. The logic here may be bad and should not be relied upon. My assumptions may be bad and should not be relied upon. This post reflects my opinion. I may hold positions in securities I write about, and I believe in what I write.
It sure looks like the bears are trying to force this thing down before the West Coast Wakeup. You know, the time when people out here have gotten out of bed and looked to see what’s happened in the world. Today’s high so far is $1.30, which is the highest it’s been since the 1-for-15 reverse split. And it’s now trading at $1.18.
I posted yesterday that I didn’t think that $1.20 would break the bears, and it hasn’t. But the goal I see for this stock to be safe is the 10 days of consecutive closes at or above $1.
With higher prices, it’s getting more expensive to borrow shares. How far will the bears go to limit the price of this stock?
What’s a guy gotta do to preserve womens rights around here?!
Day 2 over $1 looking good, but stay alert for shenanigans!