I'm not so concerned about the merger. If they can get some contracts and split the profits then things can turn out really well depending upon the monetary amount.
As far as where the bottom is, well I don't know. There's certainly more room for the price to drop and the chart is just not friendly so to speak. Once I think it has hit bottom, then I'm back in heavy.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.