I think the reason we won't get the second 50% drop is Wallstreet is standing by this company. JPM, Legg, ML and GS have all came out with good comments on the company. Unlike HRC who does have some support but I notices that ML has them as a Neutral and did not have anything great to say. I would agree though we need to be careful. Also the market has changed. If this happened in July it would be at 15. People are getting more bullish.
I think you will get it. Unless more bad new comes out, I think it was way over blown. As you might have figured out, I also went long THC yesterday. Wish I would have bought more today. Watch SURE, breaking out big. Good news keeps coming out.
Did you read ML comments on it. Very good!!!! Called this a great buying opportunity. All stocks are somewhat of a gamble but well see what happens. I see Murf and some people are avioding it but HRC has the same risk. What if the CEO was found guilty of insider trading or other things. The restest and bounce off the bottom was nice to see and sets up a nice possible uptrend.