The one thing your statement below does not factor in is Institutional buying. "People" will come and go and not impact that much, institutions will be the ones who decide when and where this goes. Any indication commons isn't cancled will make this go nuts.
"I think C/S has a good chance of being saved, especially if they push hearing back to April 30th and 1st quarter shows good earnings. But for the short term, the pps will continue to go down just because people are getting less and less interested. Sure their balance sheet says that PPS should be more than $1/share, but mm and shorties going to make life a lot harder for those that wants to long."
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