I was out yesterday at 10.14 premarket. Chart looked a little toppy. Will try to get back in around low 8's (IMO, I do not think that it will drop back to 7's). But in this market anything is possible.
I bought in at $6.81 and was conflicted overselling when the stock went into the $10's on the bid, but I realized I would just end up in paying 50% in taxes on the gain, so I bet that between now and November when I can sell and only realize cap gains taxes, the stock may well be at $15. I am betting on 2 good quarters of earnings reports in the first half of 2010 and a good 4Q report in 2011 plus the reinstatement of dividends at perhaps $1 per share.
Not much downside risk. You could always take 25-35% off the table to lock in some profits. If you get lucky enough to get a pullback to around $8.50-9, you can start buying back in there. Sometimes it is good to take profits.
Another strategy is to swap some funds here for XTXI on the anticipation that it will close the gap of almost $3. Even if the gap only gets cut in half at some point, you will create another $1.50 gain just from that.