Yup it's bad. But RJET is falling much faster than the market or transports or airlines. There was resistance around $2 from the August lows that was holding for a couple of days, but now that's been broken.

There are no more obviously strong resistance levels above zero now, so I think the stock will trade pretty much on news and bk rumors. It's certainly possible BB head faked a bankruptcy in order to buy up shares on the ultra cheap but I wouldn't buy for any other reason than to hedge a strong short position.

Disclaimer - I haven't figured out the stock market, that's why I still fly airplanes.