This reminds me of when LYC fell from > $2 down to sub 80c within a matter of days on no news other than the HC rumour mill.
Regardless of fundamentals the market moves as it wishes. When the punters feel that the current market cap warrents the risk involved in this business the shareprice will stablise. As it stands at the moment i personally feel that this sell off is overdone. Particularly when we haven't had any news to warrant it.
Also one more thing, People keep going on about the tight register on ATI which is great when the price is going up however as it currently the case, it can capitulate quickly on the way down even with low volume.
ATI Price at posting:
74.5¢ Sentiment: LT Buy Disclosure: Held