crashing back to earth, page-35

Since starting this thread exactly 3 weeks ago, STB has come down to $1.99 or a further 65cents (-25%).

At $1.99, STB's market cap is $171 million (86.2M shares) or 31% of its high market cap of $538 million, a 69% retracement. With ~$16 million cash, STB's current EV is ~$155 million.

Fibonacci retracement levels:

STB has retraced to 31% of its all time high of $6.25.

Having crossed the 38.2% Fibonacci retracement of $2.39 aggressively last week, and continued its downtrend in the past few days, suggesting to me that the next target would be the 23.6% retracement of $1.48. Trend line from $6.25 to current price could mean that target is reached in 2/3 weeks.

At $1.48, or a further 25% fall from the current price, STB's market cap would be $127 million and EV $111m. At that price I would suspect there would be heavy buying.