I think it's pretty clear that tax loss selling drove this thing lower. I can't imagine where the "new sellers" are going to come from now, in the short term...especially since Thailand is not looking nearly as devastating as originally feared.
I think we'll see $1.75, at some point, before the end of January....unless the market falls off a cliff.
Because these thin computers (like tablets) don't use hard disks. So the perception is of a declining business model, not unlike newspapers. I know you're already hip to this, but wonder if you don't underestimate it. That said, I'm long HTCH and eyeing more at the moment at sub $1.40.