RE:THE EFFECT OF GRAVITY AND SINGLE DIGITSAs I said, this WILL happen. Don't say you weren't warned of the pain that is about to arrive.
Starsearcher80 wrote: So clearly any support levels for the stock are in tatters. There's now an interesting phenomenon that's about to happen. As the stock approaches the $10.00 level, there will be a lot of selling in advance by people who understand the phenomenon and want to get out of the way. This selling creates a downdraft, which essentially becomes a self fulfilling prophecy. Then add in the shorts who will also push down at this level, as there will be a lot of stop losses here, which will create another significant downdraft as they are triggered. It's an easy short game to play. Then add in a whole new round of despair selling that people will do, just wanting to finally cull this pig from their portfolio in absolute disgust. The stock is now close enough to $10 that this phenomenon will kick in very soon. With that, welcome to the single digits, and then some.