RE:IAE in the Penalty Box for the time beingNaka2112 wrote: When I try to figure out (guess) how low a company will go after a dissapointing news release, I've found the following formula useful:
SP = SLP-10%
SP=Shareprice
SLP=$tupidly Low price
So take the absolute lowest you think the price should realistically trade at, factoring in all the bad news, and then subtract another 10%. The movers and shakers always take the stock lower than it should go when things are bad, and higher than it should go when things are good. The seller always sell way lower than they should because of fear.
That's why I think we may see it drop below 0.70
jmo
I agree. My stupidly low price estimate was .79, which is why I'm bidding in the low .70s. I hope you are right about it possibly cracking .70. However, I have a hard time imagining that happening organicly with brent above $60 USD.