I think AIO was a combination of factors- mainly that you can only drive a SP down so much before someone thinks its good value and then it overshoots on the upside before the shorters take over again. And so on and so on. At these levels AIO is probably a long term bargain but it will take a brave man to hold longer term in these markets. AIO debt levels count against it, but watch the price spike if/when an asset sale and refinancing is announced. Thats what makes our day trading very lucrative- we have no long term commitment and many companies are undervalued so we can jump in on the spikes and be out again for a quick profit (most times lol)
