When the new base forms, probably at $15, have some extra cash available. Remember, Merrill didn't say HOLD. They probably wanted to see ODP's next card before they committed any further. Me?...I'm not long, but I love this stock and once the selling pressure stops, there will be a window of opportunity to make some real money here.
I have to admit, dropping below 17 3/4 was worrisome however, no fear (while risking thousands at every point drop), have you seen the DOW for day? This company is like a blue chipper, when they fall, ODP tends to fall a little. Hang in there... (sweating profusely..;> The one who buys @ 17 1/4 to 17 1/2 is going to get the real deal. Remember, blue chip also means solid prospects.
I must also be a realist, if momentum forces the DOW below 10,500, be scared. Realist scared..