PokerTek, Inc. (NASDAQ:PTEK) shares are down 16% today on 2x the daily average volume and got as low as $1.02 this morning. However considering PokerTek has gone from 45 cents to $1.56 in just 30 days and is up 124% despite today's pullback, the big news is shares are now over $1 and won't be delisted.
What do RHI Entertainment (NASDAQ:RHIE), PokerTek Inc. (NASDAQ:PTEK) and Blockbuster Inc. (NYSE:BBI) have in common? All three companies' shares are now trading under $1, in fact they are in the 70 Cent range. Are these stocks just waiting to become Penny Stocks or is there any hope for a major comeback?