FRE (28.50 -24%) is trading at its lowest point since 1997. P&F charts obviously illustrate a "long tail down". Coupling that with a dead-cat bounce and perhaps there's a play for 10% or so. I'll watch very, very closely for an entry point; it opened around $24.50 FRE loses $2 Billion
Observation: Remember E*Trade November 12th. Low to High, $3.46 to $6.09, 76% in two trading days.
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