RE:Still intact down to .58tamaracktop wrote: Any pullback is normal after this big move.
Almost a double off the low, which was both surprising and somewhat amusing.
I'm inclined to think the stock is being supported here by some expecting a substantial cash injection from Drosrite by quarter's end.
10 more trading days.
A 20% pullback from yesterday's 72 cent high could take it as low as $.58, and still be considered a normal correction.
$.56 or lower is re-entering bear market territory.
When it confirms resumption of the downtrend, it will be a quick trip to new lows.
Why wait for that?
Not an awe-inspiring close today.
Perilously close to a danger zone that would lead to a probable hard-down.
Back to back closes at the day's low and down 17% from Thursday's high two days later isn't the end of the world, but nor does it reassure those who are fed up.