Once this breaks the 1.35 resistance level next stop is in the 1.20 then 1. Good thing is that this sell off is on low volume. If there is high volume selling at the 1.35- 1.4 level all bets are off. Then value the company at the Core business, not IP; to get the stock back up on the core business it needs to indicate performance in the March numbers. GLTA
The only thing I like about what's going on right now is that the stock goes down on low volume and there isn't any panic as it goes down.
There has to be a run up into earnings with this thing. There usually is when a stock was trading higher and took a dip on some bad news. To me it seems like those stocks many times will get the near the level it was at when the bad news was announced.
I agree with both of you guys. The low volume is not encouraging, but it is a silver lining at least. This slow bleed will turn one way or another with news. Obviously I'm hoping it will go up, but either way this stock is primed to move.