I now expect a test into mid 4's with oil going to 37 next week then low 20's on oil by 1st quarter 2016. The whole world is headed for a depression and Fed has no Amo this time to soffen the blow. Small #$%$ stocks are all in crash mode now.
I got a hold of a shareholder list in CPIX and did a informal survey. I found out a majority of their share holders are heavy energy investors. After the massive liquidating going on in energy stocks the margin calls are flowing like water. These investors are selling and liquidating all their positions in stocks under 10 dollars a share rather then sell any of their energy positions. In the end they will sell all them energy positions also and right at the bottom as usual. This will be brutal to any investor holding low priced small caps across the board for rest of year.