If the price gaps down again on monday....buy. Why, traders call this an exhaustion gap. Short term price decline is over. Shorts will cover. Specialist will rally the stock to make profits on stock they have been forced to buy. This is not enron. This is not wcom. This is a utility that people depend on for power. Plus they sold a subsidary for money to pay down debt. Buy, buy, buy. Shorts will cover on a gap opening on monday.
Price gaps on nyse stocks will get filled on staple companies. This is not enron. Two day price gaps exist all the way up to $34. Remember the specialists are forced to buy stock from sellers and they haven't been about to unload yet. Specialist must rally the stock to unload. My guess is that the opening on monday will be the low for this sell off. Buy on monday if it gaps down again. We call this a exhaustion gap. Exhaustion gaps are extremely rare and always a profitable to trade against.