RE:ShopSHOP bounced of the 415 support level that I spoke of in an earlier post. The fact that it did this is a good thing from a technical point of view but frankly surprised me since that support level goes back almost three years and as such normally would be unreliable.
From a technical perspective I would like to see if it confirms the support level by bouncing off 415 again.
In terms of your idea to buy at 400, in my experience this would be a gutsy buy since to buy at that level means that it has broken support at 415 and the next support level is in and around 175. or in other words a buy at 400 is a buy in "no man's land". Not to say it won't work out for you but as I said before it would be a gutsy buy IMO.