A little bit off topic, but when a sector gets hit en masse virtually every day, I find some of the technical musing of the pundits out there almost comedic. If this were say, oil refining, there would have been (maybe) an investigation. Whoever is left standing after this sort of attack, is going to be lean and mean. I have never seen a sector so hated, which, usually means time to buy. But I have held, and traded FM to a degree for years now, since about $2.50 or so. Overall, I doubt this is mindless bashing, there is a point to this, which I would have to guess is getting big parts of the best companies for as cheap as possible.
Great post, BTW!
not a bad ballpark figure marv. I won't say regardless, but this is getting beat down for a reason, and likely a good one...I expect a fairly big pop at some point. Perhaps it is just the CFTC being out to lunch, which seems almost cliche.