On a valuation basis-- this is beyond dirt cheap. I just had to buy some today. I don't see any more downside risk-- it is bottomed out. It is not like GMAN is going out of business, is not growing, or has decreasing margins. GMAN is actually doing alright. It barely missed its last quater and forcasts were not too bad-- its even opening new stores. Nothing warranted a sell of this degree. I expect a very nice gain from here over coming days/weeks-- I can't imagine I will be waiting too long. Some value money will be coming in soon enough. GMAN valuation at least $15, and even that is on the cheap end.
Your dead on it's bottomed out and the only way to go is up, the weather in the Midwest will definitely help with selling out all fall goods, opening 10 more stores, some in new markets, they seem to have corrected their merchandise errors and will be leaner in inventory for spring...I think it will hit 20 this spring