I doubt we are going to see much interest even at these prices. Not right now. It is terribly concerning that we crashed right through the 200 day MA like it was made of toothpicks. If the 200 day MA is going to fold like a cheap hooker, then I don't have much confidence that support at $10.50 is going to hold up. My guess is this going much, much lower.
This is reminiscent of CKGT - blow out earnings runs it up to $3, fundamentals are strong, everyone sees $5 on the horizon, then it tanks for 5 straight months shaving off 50% from its highs and has been limping along ever since.
I'm sorry that I am being pessimistic, but right now it is looking like we could see the $9s or worse before the selling and shorting subsides. It also looks like 2010 is going to play out as a very bad year for CGS. A year of giving back a healthy portion of 2009 gains.
I think I'm going to book my gains and ride off into the sunset.
