Thought yesterday maybe this stock was putting in a floor... I still didn't not buy because I thought 20 or 30 cents higher would not break me if a definite reversal came ... I have been around too long to get suckered in.... still waiting for the bottom.
The question is, why wait at all? Why wait and struggle and theorize and philosophize over a stock with this much risk and uncertainty? You can't find any other decent stock to put your money into? I know, you're going to say that it's a great turnaround story in the making. Yep. They've been saying that since it was $25, and even after all the cuts to the "safe, secure" dividend.
I am a technical stock buyer.. been serving me well for 7 years. I could not care less about the fundamentals. When this stock gets hit hard enough the big boys will start buying it and I just want to be in right before they do... and sell right before they do. ....so I watch and wait.