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.
We are now through Day 4 of the 10 needed to close at or above $1 to regain compliance with Nasdaq’s listing rules. I had expected the bears to go HAM at trying to sink the share price to below $1, and early on, it seemed the push had started.

It was a slow day overall with a lot of barcoding. You know, the thing where the trades between the same upper bound and lower bound values and then looks like a barcode when the candlesticks are plotted over time.
Rather than a stock price stabilization, there were periods where blocks of stock in excess of 100,000 shares were offered a price that looked to protect the stock from hitting $1.50.
Now, when I went to relink to the post from the other day when the price went beyond $1.50, I saw that the embedded tweet from @joey88walsh–who I only called out because he replied to a tweet of mine with something to the effect of “the shorts run this stock lad,” (also deleted)–wasn’t formatted like tweets generally are within WordPress. After quick, investigation, I saw that the doubty tweet had been deleted. But that’s OK because the guy has posted new ones that are just as insightful. Like this one:
Some people don’t like to preserve their wrongness for eternity/posterity. I understand that. On the other hand, I go into depth in these blog posts with my thoughts. If it turns out I’m wrong, I’ll get to reflect on how I got it wrong. And then try to get better. And anyone who reads it later will be like: “Oh this dude was so wrong. What a dummy.”
So far what I’ve written looks pretty good and is supported by what’s transpired.

The barcoding was pretty much all of the last two hours.
In the waning moments of the week, there was the same flurry of activity that t
3:47:26 PM ET: 115,874 shares at a high of $1.33 and a low of $1.32
3:52:44 PM ET: 92,981 shares at a high of $1.33 and a low of $1.32
3:59:35 PM ET: 151,298 shares at a high of $1.33 and a low of $1.315
3:59:41 PM ET: 152,499 shares at a high of $1.335 and a low of $1.3211

The final trade of the day was 173,168 shares at $1.35.
Four days down, six to go. I imagine the bears will push harder the closer it gets to 10 consecutive days of closing at or above $1. If they force it down to below $1, I’ll be ready to scoop up more shares. And I don’t expect it to close below $1 next week.
Have a great weekend, everyone!