When to take action
Obviously time will all. No one knows the future and every stock only does one of three things: go up, go sideways, go down. Over the next several weeks everyone will be able to observe if today we bottomed out and all this was simply a great buying opportunity, or, if the stock stays range bound then investors who stayed in have stagnant money, or if it goes lower and those who sold were right to sell. No need to get upset with eachother. The markets only operate because we have different opinions. If no one wanted to buy I could not have sold my shares so I was glad there's more than one opinion about the future of this stock. My understanding is this is a forum to get differing ideas so that we can make better informed decisions of what action to take.
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My opinion is the chart is busted because the SP has taken a 30% haircut in only three days. Doesn't matter what the stock is that's a real beating plus we've got recent lows below us. I will stay on the sidelines until the dust settles. I work too hard for my investment dollar and have learned the hard way that the best loss is always the first loss from being stopped out. I would suggest that 7.71 (today's intraday low) be the line in the sand for those still in the stock. If we bust below that number the bears aren't finished selling and we're obviously headed lower. If 7.71 holds stay long, you've nothing more to lose and everything to gain. We've dropped to a previous congestion zone and are consolidating as both buyers and sellers are at work. Eventually one side will get exhausted and the other will continue buying/selling. That would be the next action point in the short term.