BAck to RealityI have to agree with you, this stock got way too much ahead of what has been proven thus far, GXS will drift now slowly and surely back to the 2 or 3 as stated by someone else already, there is going to be a couple of dead cat bounces before continue going south. Tomorrow monring will be the real test as to how fast this will dive (many people that got at the higher prices will try to limit their loss and other that were low , will take whatever profits they can). The party for the area plays is also ruined now (SMI, NAG, etc), ....UNTIL they prove that they actually got the permits they were applying for, then the lucky ones will get again a nice pop, until then, they will keep drifitng low too.
I made money with SMI and NAG , rode the wave, not ashamed to say...but I will wait until I see some maps before buying back into this area play, it is now in the hands of the shorts. The bull has been wounded today (not dead, just wounded, it may be able to lift his head and nail a few more shorts!!!)
My two cents
Nick