Deteriorating market doesn't help today. I was hoping for a continuation of the dead-cat bounce but no luck today. If it doesn't recover today we could see another big drop tomorrow before the holiday weekend possibly to $12 or even $5 for a Labor Day Sale. If we recover today we could see a jump. If at this level at close, I'm out.
Analysts on cnbc predict lower market close with another possible drop tomorrow.
Possible parties interested in buyout will find it very attractive.
If you check a max monthly chart, you will see that the stock has been cyclic in nature, dropping to about $12 (once to $5) after reaching the $30's. It usually takes about 6 months but this drop is faster. Pattern
I have bought cheap and was hoping for a rise, but out when it appears support is not there. It could take another couple of months to reach $12 but the pattern is present so it could be very rapid. The declining market today doesn't help.
I would like to buy the stock a few dollars lower.