Even though this can still very much go lower. All shorts have been closed except for a few straggling puts. I would be looking to start building a position from here all the way down to 2.50$ if it were to go that low (still possible assuming it doesn't go bankrupt). They made the right moves by cutting their workforce and capital expenditure to increase survivability.
Comment:
Comment:
From the dead cat bounce to 20$ to another 50% drawdown, the price of this stock is starting to look attractive again. Important to remember this could still easily drop another 50%. invest conservatively and with a long term time frame.
