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.
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