Linda, this is just getting brutal. The only thing down on my screen today was MSGI and the 30 yr yield (i.e. bond rally).
I think we are starting to see a little panic selling in this stock, something we have not seen here for awhile, we are kind of used to that slow, steady, "death by a thousands cuts" type of bloodshed in this room. Not the dismemberment we have been receiving lately.
I truly feel for the longs that have lost 10s of thousands (or more) on this one. I am in for a few shares at 15 to 31 and have been kicking myself for not bailing earlier.
$4, why not? we're down on a 53 pt up day on the Naz. What do you think will happen to this stock if the NAZ tanks 20% this Fall? The Y2K crazies have been quiet lately, just wait, some bad (or even flat earnings), another rate hike, and we're sunk.
I want to see 1MM+ shares traded, true panic, single digits and some of the "ever longs" on this board give up and run for the door. - That would be a true buy signal.
'Course, most of them, like me, will be clutching the worthless certs in hand, constantly staring at a blank wall and yelling "this is bullsh*t" every 1/2 hour or so.
Damn, where's the Tylenol...
JavaGuy |
