It depends on how long we go with no more news. I didn't think we would break the last $1.87 low and certainly not the $1.66 low.
History shows this stock just keeps sliding on no news without a let up until technical bottom feeders jump back in or we get a rumour pump.
In reality, I think youre right but I still won't be surprised if we keep going down without anymore news. I'll be buying heavily starting at $1.85 but won't be surprised if it goes lower.
We are already way oversold and have been so for a long time.
I'm not trying to be pessismistic, just realistic based on the last 2.5 years I have traded KRY and especially the trading since June 2007.
Best to be prepared for all posibilities.