RE:Is it possible we don't even make it back to $10???From a trading perspective, this should have bounced long ago. One problem is they are getting kicked out of three large cap indices tomorrow. The major problem will be the debt to ebitda is 6.4 and most money managers consider the danger zone to be 5 to 5.5. Without large buyers to step in and drive the shareprice up, it can easily be bounced around by traders who will try to catch bottoms and dump a few cents higher. Three positive days on high volume might represent a trend change.
smallshort wrote: This is a question for the tmany raders here. Based on your views, do you think this "dead cat bounce" as you call it will get this back to $10?
There was some buys at 9:47 (50K shares) this morning but volume has dried up and the stock has problems staying positive! Time to sell now or wait hoping it goes up a bit more from here before heading back down?
Sorry if this sounds a little on the novice side. Just getting up to speed with all the trading tools out there. I want to avoid losing any money.