Ron, I agree that we were due for a pull back. Gosh, from 6 to over 18 in a few days was unreal, but didn't surprise those of us who have been expecting that and a lot more before it's over with.
Still, we're beyond the point where we have to worry about the company's prospects. Unfortunately the spiral, as Auric (David Travis@Hotmail.com) correctly pointed out, was flamed by such common market factors as margin accounts. I've been there - done that - learned the hard way.
Also, Stop losses are too often fatal! They turn into "loss guarantees". The MM's probably took out all of these.
From here, anything can happen. But once the stock firms up for a day or two some shorts are gonna want out. Good Luck! But until then, I won't be surprised either way - down to X.XX, or back up $2-4 by close tomorrow.
Only thing certain, shorts have to cover. |
