The usual rule of not buying a stock that's been pounded down until it's had 3 days to settle down and flush out all the sellers. Well today was the 4th day and there's still some distribution going on despite the upgrade, but I bought today at the 29 dollar secondary price because I think it's just trying to flush out the last sellers, and with the upgrade, I think we get some decisions to buy by fund managers looking to find something in the market to buy low. Think it turns tomorrow or if not, then soon.
I remember a yr and a half ago when they sold stock to an outside investor at 68 and everyone thought that was the bottom, the fundamentals are still sour and it won't turn except for peanuts and day traders until the fundamentals improve. Regardless of IO going up it needs to explode as this has costs way too high.