I have been through what you're seeing in the market literally thousands of times. Thousands. No question.
My first initiation to the market's impression of plate-tectonics was on Black Monday. After 8 years of trying to build a clientele amongst total strangers, the Dow dropped 32% at the open. No reason no warning no nothing. It was Black Monday, October 19th, 1987.
9/11 seemed to happen very soon after. No words here.
And then in October 2008 when Lehman Brothers' 18000 employees left work on a Friday looking forward to their weekend, they were packing their offices on Monday morning in the biggest bankruptcy in US history. At the time it was $600 billion. Too Big to Fail?
I've been through this with many more people, who were quite involved.
Most people haven't been through this once.
Occasionally, during those years between Black Monday, and 9/11, and The very near-collapse of the banking system worldwide, there were other things.
There have been other things, like Ebola, and Sars, and Covid.
The only proper course of action today is to do nothing unless estate or tax considerations carry inordinate weight.
At least 80% of the downside has been wrung out of this stock. It won't go to its final low and just sit there. If you don't have a very good reason, of any nature, put this away for 3 months. It's going to do a lot of running, but in the next 2 or 3 months, it won't go far.
The risk-reward parameters right now are better than I can remember them being since Xebec was $2.00 almost a year ago.