panic = opportunity, page-53

Exactly right mitta3.

Since yesterday (100K units was in play) whoever traded it;

- best case scenario - loss - $4,000
- worst case scenario - loss or they are down (if they have not sold it today) - $9,000

And by the look of it the USA tonight will do another "splat" session. If so, I can not see FRI as "happy days" trading day either. So, a bounce this week is just a wet dream. If blue chip stocks have been fighting for survival then stocks such as ELD do not stand a chance to be among the first to recover no matter how oversold they may be. With all the reduced price targets by the brokers there is yet another obstacle for a speedy recovery as everyone that does not do this kind of investing themselves but have managers/brokers must have picked up their phones today asking their brokers whether to abandon the ship or at least get a life jacket. With the Clampets behind the wheel ELD will continue to drift south and I have serious doubts that even a life jacket will help.

A sad story.