RE:RE:Down 6.47%It can always go lower. Even if it was trading at $0.06 it can go to $0.03 or worse. There is no floor in the stock market.
The question to ask yourself on days like this is do you believe in this oil bull market? Or is it over? Do you believe in the macro drivers that were pushing the price higher in the early fall? Do you believe in the company you have chosen to invest your capital? What is their floor for profitability? Some compaines are more insulated than others in a crash and they will find support a lot sooner than those who are exposed.
Ask those broad questions rather than focusing on the minute to minute gyrations of the share price because that is at the mercy of the market participants who can lose their mind in the fear.