How is it plumetting like it's going out of business? A stock that's plumetting like it's going out of business would have been DSH and SGH. Also, like ICQ, SRF, RFN, etc where it's plumetted >85%.
This stock has only gone down 40% from it's high.
It's only retracing from it's ridiculous valuation at 8 dollars.
In my eyes, at $4.50, this has only gone down 25% from my valuation of $6. That's nothing. This is the stock market, the equity market, the volatile and highly risky market. It's normal.
This stock is worth around $6 at the time being, but as all retracements and overshoots, they always go over a little bit and then stabilize.
Like going down a steep slope, the brakes have probably taken a while to kick in. I think this "over-retracing" will stop at the low $4's.
My first order was $5.25 and I'm having a buy order in at $4.46
Cause and effect?, page-8
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