There is no more bad news that can come out. Rates are at the bottom. Probably for one more quarter before they begin to head up in Q2-2013. Stocks will begin rallying in Q1 onward... Values are at all time lows and GNK has and will weather the storm due to their banks working with them..
Slow process but not much downside from here. IF we were at $4.00, I would say we could bleed down but the bleeding has been done and managers have exhausted tax loss selling...
They are positioning for a long term move in the sector over the next two years.