Traders had no respect for the company and sold it for no substantial reason. Just sell, sell, sell. I kept buying yesterday. This is a highly profitable company with excellent execution by the management.
the stock is so wounded i dont see 99 unless we bounce real hard off 90 first...once the stock goes red today, any time now, nervous longs will dump big time again. simple psychology: they are tired of the endless pain. who can blame them?
Where it falls is anybody's guess. But looking at the 5 year chart, winter months are stagnant for this stock year over year. Come spring, strength kicks in. Since this stock has already entered correction territory, the downside is probably limited. On the same note, this stock is expected to trade sideways without any major catalyst until Spring of next year.