I believe there is tax loss selling going on in this stock. This stock is a bargain at current levels. They bought out DSP for stock and these holders might be bailing out also. At 8 or 9 times next years earnings Its time to take advantage of investors who want out. I admit the last year and a half has been tough on shareholders, but before that, the stock was on a roll. I was a Instron shareholder and we all know what happened there. Patience is in order.
Sould have waited for the earnings announcement, But still a good time to get into this stock if you can wait a year and a half. Stock might continue breaking into new low territory. I do have the patience to wait this out. I am watching carefully, and going bottom fishing. I think it can bottom out in the 7 range. In the mean time, a nibble here and there.