A friend asking if there was BS going on My response:
Yes, still. There's normally a week long period where the chart steps down in response. This one's different. The BFS came out right when the co is going on holidays. There's a big ambush going on at the same time. On top of that a few people had to take tax loss shares off the table. This will ring until it dampens and could go as low as 70 cents. At that level there's a huge number of shares. So between here and there people will take profits if they fear the price will keep going down. I think this will flatten out sharply. The trading today is indicating this is happening already.
This final round should be no surprise. The chart right now look stabilized but I would wait to make sure it is before acquiring more. I noticed that the insiders are also waiting. The guys who dumped will have to buy back today to do it again. That's what yesterday's chart shows. Right now the 2 cent gap reduced to 1 cent. This could signal they plan to start re-buying now. Wait to see what happens. If this cycle repeats and insider support doesn't come then wait a bit longer. Tomorrow might be a new low representing cheap shares. These guys like to close the week with the chart in the red.
