Likely the current season proceeds accordingly, but think about the next season. In any case, he’s not likely to lose that kind of money unless he has his whole net worth tied to risky investments.
I don’t touch penny stocks or even day trade. I do large caps for long term. Done so since the mid 1990s. I am saying if I touched this stock, that’s what I would do.
I am looking at this to be a volatile stock. I would put in the buy below the current price. The more risk averse the lower the buy order. Once turning a good profit, sell ASAP.
Big time speculation when there are no earnings to go by here. I would only own this in the short term. Put in buy order beneath the current price and put in a sell order for the desired price. Only risk what you are willing to part with.