That doesn't answer my question. What is your exit strategy. Simply speaking, how much do you think you can squeeze out of the stock to the upside and how long will you allow the stock to drop before saying you are wrong?
Anyone that trades should have some idea of what kinds of risk/rewards they are looking at.
If you don't have that, and the same thing happens as last year, you could be broke before you throw in the towel.
After all, did anyone think when the DOW was trading up at 14000 that it would fall to 6700? The answer, just in case you don't know is "no"! and most of the fundamental traders saw their portfolios drop 85-90% in value. Some took their lives because of that.