RE:RE:RE:Looks likeFar from it. Not selling. The swing for day traders into new low levels is about 1.00 then to lower level. 42.50 to 43.50, 41.50 to 42.50, 40.50 to 41.50 ... That is you are playing and doing the 1.00 pop on new lower levels.
As I said my longs are In place at the low 30 level so not worried there. I said earlier I don't expect to get below $40. But I'm always prepared to add on some of my averages or a trendline it's running from the bottom of yesterday endingto the bottom today. That's around $37. Because I did not see a whole lot of volume when this gift of 40.20, buying between 37 and 39 might turn out to be a smart thing to do. Should that take place. The one day, the 3 day, and the 20 day charts keeping pretty well focused on what's happening.
But to answer your question no, I would not sell here hoping to buy lower. but I would buy lower and daytrade into the close should I get a chance like some are doing at 40.50, 41.50, 42.50, and 43.50 today.
The trend is still pointing down for the day. Adding on a sure bet or should I say safe that should not be a bad idea. In other words should I add 1000 shares hoping today trade them or add to the long position at this level probably won't hurt me too bad, especially when something has dropped from $118-$25 in such a few weeks for no real reason.
A good example he is right now. This moves down to the new level 40.20 bounces back up to that magic dollar Day profit trading area, and so far it appears to be slowing. Will this hold the $40.20 floor, will this break the $40 area and do another dip to $39.50, or will this keep running up the present day trend toward 43.50 . I will say this. I have never seen an oversold stock open higher than the high on good news and close at or near the low.. Hint hint