Q1 Report this week?, page-41

He's talking from a TA perspective. It has bounced twice from $2.80s back to $3.50s. The most recent attempt was much less effective and very weak, so the likelihood of it breaking major support in the $2.80s region is much higher this time. If it breaks this major support, go short because the next support is under $2.50. Coincidentally, $2.50 is my fair value for GXY ($1b market cap).