Correct me if I am wrong but my reasoning is this;
- a 20% drop yesterday was driven by the bad news and panic - when people realised DOW isn't going down to $3.00 or sub-3 they started piling up on the B-side; - the B-side has not changed since - it's a fairly red day today but DOW got adjusted to kennethgalbraith's prediction (a formula used by many); - the B-side is still strong; - the volume is well above average - all the bad news is out - we even know now in case of any CR in the future that the shareholders will be looked after ____________________________________
TOTAL - this should be the rock bottom.
(My LT average is just under $5.00 however I will be trading 10K-50K lots of units whenever an opportunity presents itself - as it did yesterday and today)
DOW Price at posting:
$3.65 Sentiment: None Disclosure: Held
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