The market wasn't trending up during part of that drop. Remember, the DJIA dropped from 10,000 to 9,700, or somewhere in there recently. This was up yesterday while the market was up. Market is down today, and this is down today. Some days, they move opposite of each other. Again, I've seen all of that before with other stocks. Nothing goes in a straight line in either direction.
anyone watching the level 2 daily chart? what happened about twenty minutes ago with the spike to 2.36? anyone have a legitimate explanation or seen the trade? maybe it was an earlier trade being reported out of sequence?
Have faith, guys. My goodness. Usually when a stock drops as dramatically as this one has from its high, confidence is lost in it for a while. When the buyers come back, she'll rocket up. Been through this with PCX, CNO and now this one this year. The other two were left for dead, too. But, when they started their move back up, everyone wanted in.
PMI is still above Tuesday's close. Nowhere near yesterday's low. Hang in there.
The market has been doing great and PMI just keeps going down, I don't understand. Great earnings, things are turning around and it just keeps going down. I don;t think it will ever see the highs of September for years.