The disadvantages of isolation

Just six days after I wrote about how REFR sometimes benefitted from its relative isolation from the markets, we're treated to a stark example of the flip side of that argument. Today, the market is rallying broadly (though momentum is fading as I'm writing this), while REFR has dropped to a new 52 week low, at least temporarily taking out the vital $5.00 price level that is the difference between its hedge fund investors being able to sell at a profit and having to sell at a loss.

If this doesn't turn around pretty soon (say by the close tomorrow), this could get really ugly.