RE:SPYou may be right....you maybe wrong on what the sp will do. No one has a crystal ball. But stocks don't go down just because they went up....and stocks don't go up just because they went down. There are reasons why stocks go up and down. In this case, the reason it has been going down is because there is no sign of contracts, revenues, or profits.
Will a stock rebound based on sentiment of traders trying to pick tops and / or bottoms? Fortune tellers and soothsayers will always take their stabs ....I guess . And you will never hear from those that guess wrong....only those that guess right. If one buys...or sells... on a basis that has nothing to do with the success or failure of the basic premise that indicates the success of the company then it is like throwing darts at a dart board....blindfolded.
So if you can outguess the market, more power to you. But anyone buying just because it went down could end up with those that are already underwater....and only the company can bail them out… with announcements of REVENUES! I just don't see any signs of those revenues. Should have been here by now IMHO.
Fact is....this is all my opinion only.
Badog