There are 4 possible outcomes tomorrow IMO:
1) if there is another downgrade on outlook and/or difficulty finding a new CEO or CFO, I think we will see sub $2, I am thinking around $1.80.
2) if there is another downgrade but there is a new CEO and CFO I think the stock will actually rise above $3.
3) if there is upgrade on the outlook but no CEO or CFO I think again it go above $3.50 on the day but we might see weaker trading during the week.
4) if there is upgrade on outlook and new CEO and CFO, I do believe this will go above $5.00 and continue upwards for the rest of the week.
I think we will end up somewhere in the middle of these scenarios.
If option 1) occurs, and I pray it doesn't, we will see some short term pain but do believe we will see a turnaround in 3 to 6 months.
As far as ramping or down-ramping on hotcopper having an effect on price, I do not agree. I wish it did as I could then read the comments here and trade accordingly.
I was a fan of dotaking as he did bring some entertainment to this forum but when he has told us the other beat down stocks he holds, I must say it has made me nervous.
Whatever the result, try and not panic and trade with a minimum 6 month view if you can.
Good luck to all those that currently hold the stock!
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$6.81 |
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Mkt cap ! $2.168B |
Open | High | Low | Value | Volume |
$6.84 | $6.85 | $6.55 | $9.024M | 1.350M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | $6.75 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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3 | 9519 | 6.710 |
3 | 37099 | 6.700 |
1 | 6189 | 6.680 |
1 | 6189 | 6.670 |
Price($) | Vol. | No. |
---|---|---|
6.810 | 6102 | 1 |
6.820 | 13834 | 3 |
6.840 | 6189 | 1 |
6.850 | 6408 | 2 |
6.860 | 150 | 1 |
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