S went from $2.75 to $2.68 last week. The Dow went from 13060 to 12849 during the same period. This week, in my opinion, will be about anticipating the earnings report on April 25th. (before the bell) Also, I believe a good overall market couldn't hurt S's price, and a bad market could. However, S in general does not follow the market. If it did, it would be trading at around $6 per share!!
I can't say as I'm not concerned. The near term picture for S should unfold between now and April 25th.
It would sure be nice to see S close above $2.80 this week. It would be horrific to see it close below where it is now. ($2.68)
What a terrible day for S !! So bad I bought 20,000 more shares at $2.56, just before I could buy the same shares at $2.53. Oh well, I still believe in S, and I will be proven right or wrong soon enough.....
OK, OK, I have been wrong since March 29th. (S at $2.98) I sure hope I can't say the same thing on April 29th.
I am not easily scared out of a long position, but S has been the real dog of my portfolio for a year now. I sold last week, and am glad I did. It's down another 5% since then, and headed further down.