Hard to predict - think a bounce will coming - question only from where it`s starting...
This quotation works for me as a warning sign:
Former CEO Maurice ``Hank'' Greenberg, who remains one of the company's biggest stakeholders, said the company needed a bridge loan instead of a plan that put the company under government control.
So I think, this stock almost is done - a dead cat bounce perhaps, ok, possible - maybe a very strong dead cat bounce with a quick 100%-gainer, possible ... but I can´t imagine at the moment that this paper has good longterm perspective...
Let`s see - maybe Wallstreet is working out some other surprises in the next days ...
...market is crazy these days...
GLTY!