Some thoughts . . .

Last P&D saw sp low at about 25% of the peak. Could make for a low this go-'round to be in the 0.31'ish range. That lines up pretty well with the 150DayMA, or should as time goes on.

Also, on the convertibles and current appearance of dilution... Convertible volume from that funding a while back had 17.5 million of three-centers, and the same volume of dimers.

Just a speculation on my part, but maybe the dime converts are now showing up from the above-a-buck run, for a nice 10-bagger. 17.5 million converts from the funding plus maybe some from sponsors/athletes, board members, etc may be the increase of O/S we recently experienced. If so... Good in a way, because the company gets a little income and extinguishes the debt. Bad because of the dilution.

Charts pretty much indicationg more downside to come. Playing it to lower cost average, if in synch with the Market, can be accomplished but need to really be on your toes.

Fundamentals still appear to be good for this in the long term.