RE: What's Up???? Instead of buying chasing a falling knife why don't you sit it out for a while. "high risk" stocks are going to be killed while we are waiting for 2 major events to pass. 1) Tax loss selling. 2) Fiscal cliff retoric.
I'm down 20% on this stock and it could carry farther. I wouldn't do anything until closer to Xmas. Tax loss selling usually kills stocks right up until December 20th or so. Add the fiscal cliff at the turn of the year, which we all know will only move the debt ceiling a tad so they can drag this out.
Any profits made (if there is such a thing) should be in turn spent on Bearish ETF's on the NYSE.
I tried to play a dip on this stock and it's been falling ever since I bought it. Couldn't even squeeze out a $10 gain. Ignore it. You're stuck here for for at least another year. The so called $5 target is not coming anytime soon. There are too many roadblocks. Pipeline issues, less than WTI pricing, Europe issues, American issues yadi yadi yadi.
Find some other stocks to play. I bought AAPL when it hit below $550. That is working out for me right now. It's about to create a "right shoulder" and I'll bounce then.
peace