The Black Box

[sylvester80]

As I said yesterday, the 50% fib of the total move from the lows is at 5.1. With the $5 level so close I would expect that level to provide some kind of a bounce. How much I don't know as now there are a lot of bag holders from yesterday at much higher levels that would be itching to sell on every pop. The bottom of the channel still points to that 4s area I mentioned yesterday. However the $5 area could be good for a good trade. My suggestion would be to take quick profits when you have them for now before starting to look for LT positions. There is still way too many questions and too much panic on the stock for now and it will take some time for things to stabilize. And with the stock trading at some 13x sales (that's questionable sales for now), it isn't a bargain either. Time will tell. Good luck. JMHO.