MOL has fallen a little further than I thought it may yesterday....a low of $1.23 today before some support.
What bothers me more than anything else is the relentless selling presure which could see MOL marked down even further over the next few days.
Worst case scenario is that holders sell it all the way back to a $1 which is something of a psychological figure and then the bottom falls out of the s/p. This could happen if further nervousness creeps into the market over the next few days with a general sell off across the board.
Much will depend imo on the Dow and how the market reacts to other indicators ie asia europe etc not to mention commodity prices that have taken a bit of a flogging over the last few days.
If MOL's share price retreats all the way back to a dollar, this could get very ugly for those who bought the wrong side of $1.50 and still hold.
MOL Price at posting:
$1.31 Sentiment: None Disclosure: Not Held