Well, I thought traders use stop losses, or at least mental stop losses. It sounds like you're willing to turn this trade into a long-term investment if it goes the wrong way on you. I bought a starter postion in the mid $13's and will buy more if/when it tests the 50-dma, which is currently $10.20 and rising fast.
I don't do stop losses. It gives the MM a reason to drop the price. I hold until I can sell for a profit. I don't think it will go down too far. If anything, it seems like everytime it gets to this level, institutions start buying and driving it up to the mid 14's and then it seems like they back off to keep it from going up too quickly. I don't know but I feel good holding on to it if it drops some. I have enough in profits from flipping it that I can wait it out if need be. I don't think it is going down from here though.