RE: possible reason for sharp declineI don't think the drop has anything to do with SCG itself -- I think SCG is a solid company with solid fundamentals and a solid future (considering all things go as planned) .... I personally think the drop has to do with the markets in general ...So, ya, people are selling out of fear and the shorts are feeding that fear ... regardless, the s./p IS going down!! This could be a correction or worse ... seems to me Bernanke will have to do QE3 to keep the markets happy ... IMO what the US needs is TIME to have all the problems worked through -- particularly housing/mortgages/bankruptcies ... In time they will work themselves through but time they do not have ... Bernanke is the breath the keeps on keeping the US alive on life support ... without QE3 ... problems galore ... i think Bernanke will announce it once the markets correct some more ... I think the releasing of oil reserves will keep the oil prices down and once they drop to where they want them then Bernanke will announce the QE3 ---
Of course the above is all just a guess ... who really knows what's gonna happen!