RE: technicals got you down? don't point fingers.. I agree and I believe that the reason we are seeing the price slide at this particular time is that the oil sector is turning around and traders are chasing other opportunities in the short term. A number of other stocks that have been up on buyout speculation have been sliding recently. It makes sense because during this recent market correction there have only been a select few stocks to speculate in on the upside, while now we are are a lot of stocks that look like they are rebounding.
I'm one of the <2.30 crowd, so I'm not ready to exit. To me what we're seeing is simply market dynamics at play right now and not anything fundamental about the company or the buyout talks.