Well, it arrived in the $3's right no schedule. Price is not sitting on the 30-year low. It is sitting on THE low for all of the entirety of IP as we know it. Time has nothing to do with it. This is THE low for the stock. Period.
suggest you read the book BAD MONEY - - - washington's preoccupation with living on credit has finally come to bite them. this is a systemic political issue caused by the desire of voters to vote for candidates that are tunas with good taste rather than tunas that taste good.
I'm afraid you are probably right. Given two options, will a trend keep doing what it's doing or will it do something else. Yep. It probably has more strength in doing what it is doing. It takes "something else" to make it start doing something else and I don't know what that would be.
I went to "Historical Prices" and downloaded every day since January 2, 1970 into an Excel spreadsheet then sorted on "low for the day." It shows the Closing prices adjusted for splits and dividends, I'm not sure about the Low for the day. This shows the lowest CLOSES ever as of yesterday.