This is either going to be the best short of the year, or the best bargain. I just hate to see people betting the farm or an ridiculous amount of there money on a swing trade. I f have lost many of those battles over the years.
All I can see now is that the company has disclosed the market is weak, the industry is getting crowded and there margins are getting squeezed. Until this changes, I hope people have the common sense to nibble away, if they feel the price will go up and add as the price goes up, not as it goes down or has not made a base or showed signs of a bottom.
I fell in love with a couple stocks in the past and got hammered every single time i.e. oilexco, opti, mag, ylo, and rim
Just passing on some experience.