Looks like MEA held up pretty well. I only got a partial fill near end of the day. Looks like someone loaded up shares that spiked price back up and the Russell settlement came in at $1.20. I do not expect much more pressure next week, although the sector is definitely in pain. We easily could get a bounce of 15 to 25 cents and possibly retest the lows. Am a buyer here and a seller after some recovery in PPS. Too risky to hold this stock right now IMO.
Have seriously considered it - even for just a bounce. Maybe get 10-20% return getting a move from $1.15 to 1.40 area. However, precious metals' charts look to be breaking down which may put more general pressure on all related stocks. I have been hesitant to reload my URZ with it just now retracing back to $1.10, but think that it has better short-term upside than MEA.
May start buying both next week. May even try to grab some near end of day if sellers anticipate the spike down at close today by pushing PPS down ahead of the close.