TUES may very well not bounce back up this time. The economic hard times have shocked all but the most fervent of the shopaholics from their credit-card-charging ways. TUES focuses largely on home decor. Home decor is one of the most discretionary categories of merchandise and consumers will continue to cut back on it. Add to that the continued downturn in housing and the heightened promotional activity by the big box guys and you have the perfect storm for TUES.
Bankruptcy is a definite possibly for this company early next year. JMHO
You're out of your mind to not have some exposure here. What if it never drops to $1, but goes to $4-5 in 6-12 months? There is nothing "magical" about the $1 level. You should at least be "scaling in" at current prices.