RE:My Guess $5.00 by next Friday!@ Owlseye1 - My guess is that a turn around won't begin before the end of the month - which isn't that far away - and it will be more gradual. Financial markets tend to work in 3 month increments because that's how company earnings are reported. The medium term trend has been to the downside and unless some sort of exogenous event occurs, it seems unlikely that big money players will commit to major new investments before the half ends and contrarian investors probably don't have enough clout to significantly move the market.
The Ranger deal made for some volume anomolies but a clue to the end of the down trend will be when the volume starts drying up as sellers run out of bullets. jmho.