Good support at around the $3.20 mark, next support on the chart is hard to tell, its a bit scattered, maybe mid to high $2.00 mark.
This mornings trading has kept it around the $3.20 mark, which coincides with a 30% drop, which is about what the profit drop indicated was.
BUT.....
a few stocks have been smashed for not meeting forecast earnings, take a look at PRY, QBE, and to a lesser extent, SUL and QBE copped a hiding for a little while, these last two are bouncing back though.
I'm going to sit it out today, sick of getting cut trying to catch knives. If it falls to around $2.70, I'm in. Not sure if $3.20 will hold, but looking at PRY and QBE, looks like instos try hard and drive the prices down below what they should be relative to rest of market.
ALS Price at posting:
$3.19 Sentiment: None Disclosure: Not Held