"You'd think the stock will go up after tax loss selling what gives?" - adelm99 03-Jan-12
That is a fair question. I would guess that the stock is not rebounding because tax loss selling was not a major factor impacting the stock price. Everyday the market votes with its dollars on AMRI and I have to conclude that the market continues to be bearish.
I stand by my previously posted view that, given the recent plunge and some mini dead cat bounces that followed, the new trading range for AMRI will be between $2.20 and $3.50 AMRI will probably trade around that range until the next big plunge. Also, as I posted before, the difference between the Book Value listed by Yahoo! and the current stock price is probably the "vote of confidence" that the market assigns to the current management team and its perceived "ability" to manage the company and its assets.