Respectfully disagree. I think that GFA has hard support in the low $10s. It should take a major crisis to break that.
The x factor like you are referring to is that Italy downgrade. In conjunction with the end of QEII Italy will likely be the catalyst for the next major correction in world markets. Unfortunately, Italy is also a key customer (and former large-scale provider of subsideies for solar) for LDK. I thought that data had been priced in, but its looking more like that may help push LDK to the mid-$6s.