This is what I feared...a solid closed below near $1 resistance. I'm curious to know how everyone is interpreting this. Did anyone bail out on Friday? Is anyone planning to sell or buy at this level? What if we head lower...higher?
I've decided to keep all my shares. I'm still very much in the black overall but have lost a lot of profit from the peak in December. While company specifics matter and the delay had something to do with this, I think its really about the macro fears of government debt crisis & reduced demand as countries cut spending that is affecting all stocks. I think the dollar strength is temporary and the US will get hit very soon also. Its interesting that at the last G20 meeting Geithner encouraged "some" European countries to encourage more spending. If thats the case, commodities and precious metals will do well by comparison. Right now the expensive dollar is hurting.
Tuesday we will know if the higher volume on Friday was insider selling or buying. If Attara was buying at $1 with spare change it seems he would be opening his wallet at these levels.