I would expect them to test $8.........maybe lower. The lower...

I would expect them to test $8.........maybe lower. The lower the better for me .......I hold $5k worth of $8 puts on them so bring it on!!

Technically they have very little support (could see $6 to $7 realstically and still pe on a PER that makes sense) and also (look at a monthly chart for better viewing) have a very nice.....almost perfect.....head and shoulders. It also has some doubts about its cashflow in the medium term and has a pretty stretched balance sheet.

If you hold shares and are not prepared to watch and wait for them to come back in the years to come I would run..........the most vulnerable shares are those blue chips with high PER's ........they'll go earlier and quicker than the rest. Not too many of the top 20 or so have high PER's (>20)except maybe BIL,WOW,AMP,SGB,NCP and RIO(SGB way above the rest of the banks). LLC may also be relatively more vulnerable. I hold puts in many of these.

Hope this helps.

Ed.