I no longer see the sharp sell action after a period of slow grinding down trend to set a new low. It looks like sellers are determined to get out if they can still lock in a profit. So they do it slowly in this grinding fashion. I think it will take a few weeks to get to the 20s. With a big pile of cash, I don't think this stock will go under 25c, at least for this calendar year. At some point, new speculators will come in. Greed is the word.
AC8 Price at posting:
34.0¢ Sentiment: None Disclosure: Not Held