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morm13

02/06/08 4:12 PM

#1931 RE: bpk4027 #1930

bpk, what price are you averaged in at? I am in for about 15K at $3.00 with enough cash to double down at this point. I haven't acted yet, she looks like she wants to go down for the rest of the week and bounce sometime next week but I just cant believe that this can go below $2.65. However, the market hates China right now, so it could happen.

I bet the overall US markets will retest their bottom of a couple weeks back. If they break through that we could be looking at DOW = 10,000. Every week there seems to be news of a large company laying off thousands of workers. Today it was Macy's ( http://biz.yahoo.com/ap/080206/macy_s_changes.html ). Sound like a recession to me.