michael--
thanks for the advice, but technicals dont do much for me. this is the situation i see...basically, you have EVERYONE, even a lot of longs thinking the company is heading for chpt. 11. thats a bunch of crap.
so, this is a good time to buy. you know, i see people here on the thread complaining that they bought at nine. in six months, they are going to be complaining that they didnt average down.
this kind of stuff is so common, it doesnt even bother me. so, you think it is going to stop for a little while here at 7, then trend lower to around 5? that would be funny. i dont doubt you...you were pretty omnisceint about the stock price last fall. but i guess we will just have to see what happens.
i think tomorrow will be the crescendo. 300k+ volume and close around 6.75. that should be the bottom.
a piece of advice to anyone who cares... wall st. is full of stupid people who think they know more than they do. you have traders evaluating the stocks of semiconductor companies, when they dont know anything about the industry, for example. yes, they are able to drive down the stock price, but it doesnt last forever. just be patient and wait them out.
good luck to all,
trey |
