Be calm! It is true that the end of the world is near for ITIC. But, never fear. I will rush in to save the day with my buy order at $15 per share. You can count on me. Do you think I should enter my order now, just in case ITIC has a down gap of $34?
If there are really bad times ahead, the mere presence of a bid at 15 might artificially inflate the share price. I would try to suck down a bunch of shares all at once, somewhere in the teens if you want to go that high, then drop off the radar screen for a year or two.
I still think the problem in real estate financing is just getting started and I have no idea how bad it will get. I do not feel that the people in the media do not have a clue. I saw a story the other day where one hack was whining about the "severe" decline in real estate prices. I don't remember any one writing about a comparable story about the geometric increase in prices over many years on a comparable basis. Here in California many, many somewhat above average houses still sell for $1,000,000 or more