Fwiw I've been expecting the bottom to be somewhere in the range of 4.00 to 4.60.... I commented here on the trading against a spike pattern last week and bought a handfull on friday. I'll probably buy some more tomorrow too...
I haven't been following the short interest in this stock but noted Sydneyguy's comment that short interest had diminished over the past month and then rose rapidly as the stock fell in the past week. One of the little things that I've picked up over the last couple of years is that short interest actually bottoms at highs and peaks at lows so I consider it a signal that we're looking at a price low. It can go lower of course, but this week will see the low (if it's not already in) imo.
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the sky has not fallen yet, page-8
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