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So what are you guys considering when trying to say a bottom number? Just an arbitrary guess, or is it based on earnings projections and common evaluation methods?Believe it or not there are some level-headed institutional investors who can and will accumulate heavily at some point regardless of market sentiment.
When a stock (BTU) goes from 73 to 28, and bounces around the upper 20's and lower 30's for a month, it could very well indicate a bottom is forming in the stock.
I am looking at a bottom around $25. Wish it was $28, but it looks like earnings will be in the $2.50 to 2.65 range.