i am long and WANT to be much longer. What better time to get some really cheap shares than during a major correction in the price of the stock juxtoposed with a bear market and the slow summer trading!
10.50 WILL NOT hold!!! And you shouldnt want it to hold either cause you will have a lifetime chance to get incredibly cheap shares!
A 50% correction from 5 to 15 puts us at $10.00 level 1 support. A 66% correction which i think is more likely puts us at around $8.50 for level 2 support. Thats where i want to buy more!