I bet this thins ARRY in low-mid 4's is a good short term buy. Should see 5-6 or maybe more by end of January 2014. It doesn't usually drop more than 4-6 weeks without seeing a rally. Plenty of cash for now with low risk of further financing news to hurt it, along with some encouraging news upcoming in early 2014 as likely, it should be focused soon on accumulation
I do feel your pain though brother, alot of people bought in the high 5's thinking they were getting into breakout territory but ASH run ups can be really deadly - alot of the last two weeks price action i think can be contributed to many of those people selling now for tax losses. This company has alot going for it and tho you might not see 6 again in the near future, if you have some patience you will be rewarded
I still think this is just MM's shaking weak hands out to accumulate after ASH, nothing in my thesis of the stock has changed and the news reported at ASH was actually good - just a typical case of sell the news
From a momentum trading standpoint this is flat on the bottom of oversold. I expect to see a bounce back to above $5 as soon as we have any real volume back. It's hard to say when volume will return. Best best is week of 06Jan. But that's very tough to gauge.
Bottom line the only people selling here are the weakest of the weak hands and MMs trying to shake some shares loose before they create a run up.
Also could be weak hands that bought during the ash run up selling for tax loss, but really who knows. From a long term standpoint absolutely nothing has changed negatively with the company. Just looks like I accumulated a bit too early =)