Anyone want to speculate?
I thought the sell off was a combination of margin calls and stop losses being triggered, but it just keeps continuing down. Loss of investor confidence?
Now I think it's going to take some kind of merger news to put a bottom on this free fall.
Kind of rediculous that even with this mornings news of dissenting analysts that Wienkes' opinion has so much sway over the investment community. Especially being that he's been off thus far in all his merger opinions. (30 percent DOJ, DOJ with too crushing restrictions)
Realistically, I think its going to trend to $1.75 until news hits.