Back in the Spring when news of the money laundering scandal hit, after the initial fall, it seemed like another big shoe was about to drop. Investors were busy talking up a bigger fallout while analysts like Barry Schwartz had a "don't buy" rating at $80.
Big fail. What pays is being contrarian. Follow the herd and eventually you go over the cliff. It's not easy buying against herd mentality, sometimes there's quite a bit of pain up front. But, if the herd was usually right, everyone would be mulit-millionaires, retired and trading would be a riskless cinch.