Good point Muppet. I'd say a lot of stop loss selling. Traders that were buying on the up last week between 33 and 37 would be pulling out at 10% losses. Lets see if it bounces off this bottom again tomorrow. It has showed very good resistance at these levels in the past. Personally i think its oversold.
The fact still remains that the CR was over subscribed and MAD has former BHP and world class CEO in Yeager making the necessary changes to this company to take it to the next level, which won't happen overnight.
Don't lose sight of the facts with all the conspiracy theories guys !!
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Good point Muppet. I'd say a lot of stop loss selling. Traders...
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