for the next two months. With the market correction along with continuing poor sales, the stock will SLOWLY trend downward. Stocks don't just drop 10% every day or week but will trend slowly.
Looking at level II, it is all selling pressure and always at the lows of the day. This should continue over the next few weeks with an up day here and there when the market is up. But expect this to settle between $4-5 over the next few months.
Financially, they are not in a good position and no management turns a company around in a couple quarters especially in an apparel business like Quick Silver.