The pops can easily go to 2.80 in a weak market unless some big news comes out.They also need to make at least 400 million on their nnext earnings doubling the last quarter.
You're absolutely right. I don't know how low it will go but 2s are not out of the question. The chart is in an obvious downtrend. Any smart trader knows not to fight the trend. There will be a good entry for those that are patient.
Speaking of realism: Projected losses are about $0.06/share or a bit over $220 million which is about $400 million less than last quarter. Fantasy is preferred in this case.