I'm only looking for a short term (few days) trade. I want to be out before earnings on July 18. If you think the last few years of reports have been ugly, I suspect this one will rank up there with the worst. You may be right about the longer term prospects as a result of Olympics, elections, etc. but I believe we are likely to see low 2's very soon. We still need to fill that gap from 2009. Look at the chart how it jumped from $2 to $4 in one day. $2 would probably be a level to load up for next year.