I'm wondering whether to exit my (long) position here after hours or wait for a rebound. Obviously the market reaction to tomorrow's employment report will be a big factor, i.e. if we have a broader market recovery.
But I don't like the fact that many people (including my investment newsletter that just came out tonight) appear to be thinking "sell on a bounce since it may go lower."
If enough people think it's going lower eventually, then it's less likely that there will be a bounce in the first place -- it's basic game theory. (Maybe why we have so little after hours bounce.)