When the ONE piece of good news the longs were hoping for actually happens and the stock barely moves up off its all time low - that's a sure sign the stock is dead. I was looking to sell some puts today - now I am looking to add more after this dismal showing.
Looks like the water is warm to me. If you are referring to the loan guarantee funding - like I said, it was expected. I expected a pop and then a sell off since its really a neutral event. When something happens that is expected to happen then it shouldn't effect the price much in the longer term. I didn't expect such a small pop and quick entrancement on the news. That tells me its going lower.