IMO there is a new reality for these companies and therefore a new range for their stocks. Where the bulls have screwed up is in not thinking through the new reality especially as it relates to future business activity for these companies which will most likely not approach anywhere near their previous levels at least within our lifetimes. There is a reason that these stocks continue to get hammered in spite of bailouts. Think about it and get used to it. The stock has not been lying to you.