Re: New lows w/ + MACD/RSI divergences
haha! exactly right Steve this is a lotto ticket here/now.
No risk, no reward though ;)
It's @ an RSI level in low 30s which on a long term chart is where it's bottomed multiple times over past 6 years. Doesn't mean it won't drop further.
Above chart,daily, 60 min showing nice divergences. Yes, they could disappear with cascade drop to cash level in low $1s($1.30s).
Sofia's still there.New CEO eager to prove his worth going forward.PPS below his LT option strikes.No significant news flow expected for months.
No expectations built into pps @ this level & lower.
Listen to Sofia's presentation @ Wedbush last week & his comments/insights about ALT flares.Yes, he's not an objective voice, but I'm willing to take a flier that he's developing some decent scientific shots on goal in HBV and that he really knows the disease.Than God MM's no longer handling investor presentations.
We could be setting a LT bottom now in the $1.40 range.
If it doesn't drop too much further & eventually moves through high $2s/$3 it could go much higher.Of course,yes it could also be enroute to one of its every 2-3 year trips well below cash too.