It's a buy only as long as the hedge funds are setting up their short plays to take this turkey back down below $20 again. Barring any significant news events, I look for the hedge funds to take it back above $25, which would be a 28% increase off its floor, hold it there for a couple days and then wait for Citi's next bombshell. $15 is my floor on this pig.
26 likely with end of quarter window dressing. unlikely to go below 20 for a while. feel sorry for those trapped below 20 bucks... cnbc will ruin you everytime. showing cnbc asia and cnbc europe overnight last sunday am reminds me of the asian crisis back 10 years ago-live feed from cnbc asia all night marked that bottom also.