Wed, May 22, 2013, 5:50 AM EDT - U.S. Markets open in 3 hrs 40 mins
The worse case I could picture at these levels is a dead cat bounce....So even if it's dead... or alive.. or fake rumors.. or real... it does not matter..As the old motto says "even a dead cat.. if dropped from high enough.. will bounce"Buy now.. sell later 20% profit in 48 hours max.
If that cat ain't dead, it'll hit the ground and run. No bank on a bounce with this news. Mutual funds and institutional buyers look and long term and will likely dump now and not wait for the disaster to hit next year.
I don't think so... I think it stopped tanking... I got in at about 11.50If I sell now I make a modest profit... but I think it will go to at least 14 today.