Time to buy - imo
Normally I buy a stock and sit on it forever. I am not the type to buy and sell (with the hope of buying back in lower). This time, however, I did exactly that with SXL.
I was fortunate enough to buy at .135 Shortly after I bought it started it's run and I sold close to the high (.255).
After selling I looked at the chart and I saw that there was a gap at about .18 when it had it's first runup. I put in my buy at .175 (just under the gap). I got a fill today. Often when there is a gap the stock will come back down to (or just under) the point where the gap occurred. That is why I decided to put my buy order at .175
In my opinion this is going back up. There is going to be resistance now at .20 - The challenge is to get past .20 (it may take some type of news to accomplish that). In any case we don't know how much lower it could go from here but I think the downside is minimal and there is more upside.
I feel good about getting back in at .175
Whatever you do, best of luck to you !