ure is going back to 2 if you are thinking about buying lots of shares you will loose money before you even know it all the stocks that are in this etf could file for chapter 7 any day they are just buying time. I said monday this would be under 3 this week now going to 2 look at the the stocks that are this POS stock.
It won't go straight to to. There is support around 3.02, 2.92, 2.82 and again around 2.65. I'm talking short term here.
I'm not disagreeing with you that in the long term we will go to $2 again but not that soon. We already had a substantial drop yesterday and although it broke through 3.02 it did so at the very end of the day. Did you also note the high volume yesterday. Look at the 9th, the volume spike at the end of the day was similar to yesterday and it opened with a reversal. Not saying that we will gap up from here but I think we are close to a turn around on the short-term time frame. IMO This will go to $3.10 again very soon.