Average down or cut and run.....if you are not liquid enough to average down Cut and Run....if you can margin...wait for low 4"s average down Wens. and sell on Thurs.....but get out of this quik sand.....
Unless you want to gamble, get out right now in the aftermarket. Take the 40 cent loss before it turns into a bigger loss.
Learn from what you did wrong.
There are many many stocks to get the 40 cents back and then some when the time is right.
If you do this, and it is your choice and your money, be thankful you got out of this with only a 40 cent loss.
if you really want to continue holding the position, you might try selling the june 5 or 6 dollar calls on most of your shares,..that would cover you down 40 to 65 cents, if they get called you will have a profitt still, not as hudge as you thought bet better than noting.(green shoot material..grin)or you can go out to july and sell the 6 or 7 dollar calls, that will give you again the cushin (premiums) and a upside...just a thought
Faz going to the 4.50 area for sure, but more than likely will get into the 3's,
and a chance to get to 2.50
You can hold on for awhile but time is against you.
But you could get a big bounce off the 4-5 area back up to 6-8.
If you can stand the pain, then hold.
Sell June 5's or July 5's and just sit back and wait.
I hold this stock at $5.37 with June 5's sold last week at $1.02. I expect the stock to close around $5 June 21 June.
It's called a squeeze hedge play. Beats whining and squeezing your cheeks together.
And if the stock finishes at $4.75, you sell a July FOUR for a $1.35 and sit on your hands.