Stock price is based on a combination of company fundamentals, company forecast, and investor sentiment (emotion). The emotion of fear was high late last week, but I expect the share price to bounce significantly from the current level. Last week people sold because everyone was selling, and they sold regardless of the share price. With a couple days to reconsider the situation, my guess is fewer are interested in selling and more are interested in holding. Couple that with some interested buyers wanting in at these prices, and the very likely possibility that we hear some above average news in the November conference call, and you have all the ingredients of a bounce in share price from here. Time will tell. JMO.
I am genuinely sorry to all the longs who lost major capital here. That horrible feeling in the pit of your stomach, not to mention the mental anguish and sleepless nights and regret, will subside with time (months and years). Be patient with yourself.
