The only thing is that all the people that saw the potential going long have already put their money in.
All the one that are just realizing it are waiting for a lower price to get in.
So I think it may retrace further down before it goes back up.
(EDIT: And I don't really count the retracement down much since it occured during holidays I think that was heavily manipulated by the few speculators knowing the lack of liquidity around that time of the year. I think we may see a real retracement down during normal market conditions before we head back to 1.50)
But of course I could be wrong!
All the one that are just realizing it are waiting for a lower price to get in.
So I think it may retrace further down before it goes back up.
(EDIT: And I don't really count the retracement down much since it occured during holidays I think that was heavily manipulated by the few speculators knowing the lack of liquidity around that time of the year. I think we may see a real retracement down during normal market conditions before we head back to 1.50)
But of course I could be wrong!