"We are now entering tax loss selling season."
Tax losses are usually taken by competent traders during October-November.
Experience has indicated to me that generally the tax loss low is sometime betweenDecember 1st and 15th
for most plays. Some of the lesser spec's will bottom out around December 23-24th, but hardly in this instance, with only 17 million free shares out there.
You may not have confidence in this property, but tax losses won't account for much going forward.