Ha ha yeah ... my judgement is terrible!
I don't know, if the close was around $4 I would say we'd definitely see lower.
But really, given the fundamentals and the fact 25% has been shaved off in this epic but small retrace combined with the really long lower wick today .... I can't honestly see this type of thing continuing. Longs will have taken up positions vacated by weak hands so we'll be back to sellers who have set sell points in their mind according to their finances and buyers who want in for the long returns.
Those market forces will battle it out next week I sense.
But as was mentioned, only a month and a bit left in this quarter and we are still only at fair value for the last quarter's earnings so a down trend would certainly fly in the face of that reality to the point of absurdity. That's why I think the very short and sharp orchestrated raid had to be done in this window.
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