BUH-BYE $FIVES$ & THE EFFECTS OF GRAVITYOhhhh, this one is going to HURT BAD. The collapse down in to the $5's has been quick, but I think it's actually going to pick up steam here. $5.00 is the limit for most Funds, where they will NOT hold the stock. Also, the drop has been nightmarish enough that they're going to want to get this pig off their books.
Gravity will kick in here too. As it approaches the $5.00 level (anything $5.25 and below), people will be worried that the $5.00 level is coming, so they sell, which pushes the stock further down, which creates more pressure and panic.
Will this crash below $5.00?? I wouldn't be surprised at all. Or as OptBride would say, ANOTHER buyin opportunity that we may not see again!
ASSUME THE POSITION CLOWNS.